The maximum contributions that can be made to health savings accounts will increase slightly in 2013, the Internal Revenue Service said April 27.
Under IRS Revenue Procedure 2012-36, the maximum contribution that can be made to an HSA in 2013 will be $3,250 for employees with single coverage, up from $3,100 this year. The maximum HSA contribution for those with family coverage will be $6,450, up from $6,250.
The maximum out-of-pocket employee expense, including deductibles, will rise next year to $6,250 for single coverage, up from $6,050. For family coverage, it will increase to $12,500 from $12,100.
Increases in the HSA limits are tied to changes in the cost of living.
However, the minimum deductible for a high-deductible health care plan to which HSAs must be linked also will rise in 2013 to $1,250 from $1,200 for single coverage and to $2,500 from $2,400 for family coverage, the IRS said.
Under IRS Revenue Procedure 2012-36, the maximum contribution that can be made to an HSA in 2013 will be $3,250 for employees with single coverage, up from $3,100 this year. The maximum HSA contribution for those with family coverage will be $6,450, up from $6,250.
The maximum out-of-pocket employee expense, including deductibles, will rise next year to $6,250 for single coverage, up from $6,050. For family coverage, it will increase to $12,500 from $12,100.
Increases in the HSA limits are tied to changes in the cost of living,
However, the minimum deductible for a high-deductible health care plan to which HSAs must be linked also will rise in 2013 to $1,250 from $1,200 for single coverage and to $2,500 from $2,400 for family coverage, the IRS said.
Jerry Geisel writes for Business Insurance, a sister publication of Workforce Management. To comment, email editors@workforce.com.
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