2013 Health Savings Account (HSA) Contribution Limits

by Michael on Nov 14, 2012

Photo of a Stethoscope and Piggy Bank

As a followup to my earlier post about the best HSA for investing, I just wanted to point out that the IRS has increased the HSA contribution limits for 2013.

Recall that you can only contribute to an HSA if you have a high-deductible health plan (HDHP).

By definition, such plans have to have a deductible of at least $1,200 for individuals or $2,400 for families. For the record, we have a $3,000 family deductible and have come out way (way!) ahead due to the much cheaper premiums.

Af for HSA contribution limits…

In 2012, individuals have been able to contribute $3,100/year and families could contribute $6,250/year. In 2013, those limits will increase to $3,250/year for individuals and $6,450/year for families.

Thus, individuals will be able to sock away an extra $150 in 2013, whereas families will be able to stash an extra $200. Every little bit helps.


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