Health Savings Account Contribution Caps to Rise Slightly in 2013

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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