The U.S. Department of the Treasury released the 2012 limits for health savings accounts (HSAs) and for high-deductible health plans (HDHPs) to which HSAs must be linked. The amounts are being raised for 2012, whereas the 2011 rates were unchanged from 2010.In Revenue Procedure 2011-32, released on May 16, 2011, the IRS provides the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits for 2012. The higher rates reflect the cost-of-living adjustment and rounding rules of Internal Revenue Code section 223. The 2012 amounts are shown below.
| 2012 Limits for Health Savings Accounts and High-Deductible Health Plans | |||
|
For 2012 |
For 2011 |
Change |
|
| HSA statutory contribution amount | Individual: $3,100Family: $6,250 | Individual: $3,050Family: $6,150 | Individual: +$50Family: +100 |
| HSA catch-up contributions (age 55 or older) | $1,000 | $1,000 | No change* |
| HDHP minimum deductible amounts | Individual: $1,200Family: $2,400 | Individual: $1,200Family: $2,400 | No change |
| HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums) | Individual: $6,050Family: $12,100 | Individual: $5,950Family: $11,900 | Individual: +$100Family: +$200 |
*Unlike the other limits, the HSA catch-up contribution amount is not indexed; any increase would require statutory change.
