NEW 2012 HSA Inflation Adjustments

Applicable to all that are currently enrolled in an HSA qualified plan.

The Internal Revenue Service (IRS) recently announced the 2012 inflation adjustments for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs). These adjustments include maximum HSA contributions, minimum deductible amounts and maximum out-of-pocket limits.

High Deductible Health Plans In 2012, an HSA-compatible HDHP is a health plan with:

An annual deductible that is not less than $1,200 for self-only coverage (no change from the calendar year 2011) or $2,400 for family coverage (no change from the calendar year 2011), and The annual out-of-pocket expenses (deductibles, copayments and other amounts, but not premiums) do not exceed $6,050 for self-only coverage or $12,100 for family coverage. 2012 Requirements The following adjustments apply to the calendar year 2012, as compared to 2011: 2012 Requirements for HSAs & HDHPs Single Coverage Family Coverage Minimum Aggregate Deductible     2012 2011 $1,200 $1,200 $2,400 $2,400 Maximum Out-of-Pocket Limit     2012 2011 $6,050 $5,950 $12,100 $11,900 HSA Contribution Maximum     2012 2011 $3,100 $3,050 $6,250 $6,150 2011/2012 Catch-up Contributions (age 55 and older): $1,000 Note:  Minimum embedded deductible is $2,400 individual and $4,800 family.