Participating employers can also contribute to accounts, on behalf of their employees.
Here are the 2012 limits for individual and family coverage, announced by the IRS in Revenue Procedure 2011-32. They are determined after the IRS applies cost-of-living adjustment rules, and the changes in the Consumer Price Index for the relevant period.
|Health Savings Accounts||2012||2011|
|Self-only coverage annual minimum deductible||$1,200||$1,200|
|Self-only coverage maximum out of pocket||$6,050||$5,950|
|Self-only coverage maximum HSA contribution||$3,100||$3,050|
|Family coverage annual minimum deductible (Family coverage can include a spouse and any dependents)||$2,400||$2,400|
|Family coverage maximum out of pocket||$12,100||$11,900|
|Family coverage maximum HSA contribution||$6,250||$6,150|
For more information about HSAs, contact BASIC’s HSA Department: