Last week the IRS released parameters for health savings account-compatible high deductible plans, (or HDHPs) for 2012. These limits are tied to changes in the Consumer Price Index by application of cost of living adjustment rules.
The limits for 2012 are:
Annual HSA contribution Maximum:
$3,100 for single coverage, $6,250 for family coverage (increase from $3,050 and $6,150 respectively)
Annual Catch-Up Contribution Maximum:
$1,000 for HSA eligible individuals age 55 or older
(no change from calendar year 2011)
HDHP Minimum Deductible:
$1,200 for single coverage, $2,400 for family coverage
(no change from calendar year 2011)
HDHP Out-of-Pocket Maximum:
$6,050 for single coverage, $12,100 for family coverage
(increase from $5,950 and $11,900 respectively)
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