2013 HSA Healthplan Minimums and Contribution Maximums

IRS released Notice 2012-40 which provides guidance on the effective date of the $2,500 limit (as indexed for inflation) on salary reduction contributions to health flexible spending arrangements (Health FSAs) under Code Section 125(i) and on the deadline for amending plans to comply with that limit. This notice also provides relief for certain contributions that mistakenly exceed the $2,500 limit and that are corrected in a timely manner. A specific communication for our FSA clients will be going out shortly.

Inflation adjusted amounts for Health Savings Accounts (HSAs)

Health Savings Accounts	2011	2012	2013
Self-only coverage
Self-only coverage annual minimum deductible	$1,200	$1,200	$1,250
Self-only coverage maximum out of pocket	$5,950	$6,050	$6,250
Self-only coverage maximum HSA contribution	$3,050	$3,100	$3,250
Family coverage
Family coverage annual minimum deductible (Family coverage can include a spouse and any dependents)	$2,400	$2,400	$2,500
Family coverage maximum out of pocket	$11,900	$12,100	$12,500
Family coverage maximum HSA contribution	$6,150	$6,250	$6,450
Catch up	$1,000	$1,000	$1,000

Free Updated HSA Guide for 2013 Now Available
From Larry Grudzien – Attorney at Law

I have updated An Employer’s Guide to Health Savings Accounts (HSAs) to include the new 2013 contribution and coverage amounts and the required changes under health care reform.  

Since I first wrote this publication in 2004, I have been updating it every time there has been any changes in the law. It explains every aspect of HSAs in fifty questions and answers. It also includes a chart that compares HSAs with Health FSAs and HRAs.

 

If you would like a copy, please click on the link below:

New HSA Guide