Distributed May 9, 2012
Inflation Adjusted Amounts for HSAs in 2013
On April 27, 2012, the IRS released Rev. Proc. 2012-26 that provides the 2013 inflation adjusted amounts for health savings accounts (HSAs) as determined under Internal Revenue Code Section 223. Amounts effective for the 2013 calendar year are summarized below.
|
2013 Inflation Adjusted Items |
|||
|---|---|---|---|
Calendar Year |
2013 |
2012 |
2011 |
Maximum Annual Contribution Limit |
$3,250* |
$3,100* |
$3,050* |
Maximum Annual Contribution Limit |
$6,450* |
$6,250* |
$6,150* |
Catch-up Contribution Limit |
$1,000 |
$1,000 |
$1,000 |
Minimum Annual Deductible |
$1,250 |
$1,200 |
$1,200 |
Minimum Annual Deductible |
$2,500 |
$2,400 |
$2,400 |
Maximum Out-of-pocket |
$6,250 |
$6,050 |
$5,950 |
Maximum Out-of-pocket |
$12,500 |
$12,100 |
$11,900 |
*An employee is treated as being eligible for the entire calendar year as long as he or she is eligible during the last month of the calendar year. However, failure to maintain eligibility during the “testing period” will result in adverse tax consequences (including an additional excise tax). The testing period begins in December of the year in which the employee becomes eligible and ends the last day of December of the following year. |
|||
The full revenue procedure text is available on the IRS website.
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