Blog - 2012 HSA and High Deductible Health Plan Limits

2012 HSA and High Deductible Health Plan Limits

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: $3,100
Family: $6,250
Individual: $3,050
Family: $6,150
Individual: +$50
Family: +100
HSA catch-up contributions (age 55 or older) $1,000 $1,000 No change*
HDHP minimum deductible amounts Individual: $1,200
Family: $2,400
Individual: $1,200
Family: $2,400
No change
HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums) Individual: $6,050
Family: $12,100
Individual: $5,950
Family: $11,900
Individual: +$100
Family: +$200

*Unlike the other limits, the HSA catch-up contribution amount is not indexed; any increase would require statutory change.

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