Health Savings Account – 2012 Limits

The IRS has announced the annual limitation on deductions for the 2012 calendar year for individuals and families who have coverage under a high deductible health plan.

The table below reflects a summary of the 2012 HSA contribution and HSA compatible health plan limits.

Tax Year 2012
HSA annual contribution limits Single – $3,100 Family – $6,250
HSA catch-up contributions $1,000 per individual age 55 or older
Minimum deductible Single – $1,200 Family – $2,400
Maximum out-of-pocket expenses Single – $6,050 Family – $12,100

For additional information go to the US Department of Treasury web site at www.treasury.gov

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