May 14th, 2012 – The IRS just announced increases for allowable Health Savings Account (HSA) contribution limits for 2013. Individual HSA contributions increased to $3,250 in 2013. Family plans are HSA qualified insurance plans with more than one person enrolled and the contribution limits for those family plans increased to $6,450 for the upcoming year.
For HSA qualified insurance plans, the maximum annual out-of-pocket increased as well. The individual out-of-pocket maximum increased to $6,250 and the family out-of-pocket maximum increased to $12,500. The minimum deductible on an HSA qualified plan also increased to $1,250 for individuals and to $2,500 for families.
For more information on the money and tax savings benefits of HSA plans, follow the link for more information on Colorado Health Savings Account – HSA- qualified insurance plans.