TMTW #102 – IRS Announces 2013 Inflation Adjusted Amounts for HSAs

Tax and Money Tip of the Week
IRS Annouces 2013 Inflation Adjusted Amounts for Health Savings Accounts
July 25th, 2012 | No. 102

The IRS has announced the new inflation adjusted amounts for Health Savings Accounts (HSAs). For calendar year 2013, the annual contribution limit for an individual with self-only coverage will be $3,250, up from $3,100 in 2012. The annual contribution limit for an individual with family coverage under a high deductible plan will be $6,450, which is an increase of $200 over the 2012 limit.
 
The annual deductible for self-only coverage for a high deductible health plan in 2013 can’t be less than $1,250 ($1,200 in 2012) and $2,500 for family coverage ($2,400 in 2012).
 
In 2013, the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) for self-only coverage can’t exceed $6,250 ($6,050 in 2012), or $12,500 for family coverage ($12,100 in 2012). 

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Advertisements
This entry was posted in Tax and Money Tip of the Week and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s