Health Savings Account Rules


HSA Contribution Limits 2012

The 2012 HSA Contribution Limits were recently released by the IRS.  There was a slight increase this year for both individuals and families after remaining unchanged in 2011. 

The new contribution limits for Individual HSA Plans will be $3100 which is a $50 increase from 2011 levels.

For Family Plans the new HSA contribution limits will be $6250 or a $100 increase over 2011 levels. 

The HSA Catch Up Provisions for plan owners age 55 or over remains unchanged at $1000.  This means that if the owner has an individual plan they can contribute a maximum of $4100 or $7350 if they are the owner of a family plan.


HSA Contribution Limits are adjusted each year based on the rate of change in the Consumer Price Index (CPI).  Since health care inflation tends to rise at a much faster pace than the CPI it's a bit of a mystery why they chose to index it to the CPI.  However, at least this is better than the original method which limited contributions to the level of your insurance deductible.

For complete information on HSA eligibility, High Deductible Insurance Plans, HSA Qualified Expenses and all other aspects of Health Savings Accounts please visit our Health Savings Account Rules site.