IRS Releases 2013 HSA Limits

IRS Releases 2013 HSA Limits

Breaking news!   The Internal Revenue Service has just released the 2013 cost-of-living-adjusted HSA limits.  The following takes effect for calendar year 2013.

Annual contribution limits

  • $150 increase (EE Only): The annual limitation on deductions for an individual with employee-only coverage under a high deductible health plan (HDHP) is $3,250 — up $150 from 2012.
  • $200 increase (Family, or more than EE-Only): The annual limitation on deductions for an individual with family coverage under a HDHP is $6,450 — up $200 from 2012.

Minimum deductible

  • EE Only – $50 increase: The minimum deductible for employee-only HDHP coverage is $1,250 — a $50 change from 2012.
  • Family, or more than EE-Only – $100 increase: The minimum deductible for family HDHP coverage is $2,500 — a $100 change from 2012.

Out-Of-Pocket (OOP) Max

  • $200 increase (EE Only): The limit on maximum out-of-pocket expenses (including deductibles, co-pays and co-insurance — but not premiums) for employee-only HDHP coverage is $6,250 – up $200 from 2012’s limit.
  • $400 increase (Family, or more than EE-Only): The limit on maximum out-of-pocket expenses for family HDHP coverage is $12,500 — up $400 from 2012’s limit.

To read IRS Revenue Procedure 2012-26 click here.

See also AP Benefit Advisors’ multi-year HSA/FSA/HRA reference chart.