Health Savings Account updates

2012 Minimums and Maximums for Health Savings Accounts and High-Deductible Health Plans
On May 16, 2011, the Internal Revenue Service (IRS) released Revenue Procedure 2011-32,1 which announced various inflation-adjusted amounts for 2012 for Health Savings Accounts (HSAs) and High-Deductible Health Plans (HDHPs). The IRS calculates the annual adjustments using the 12-month period ending March 31.

The 2012 numbers are shown in the chart below.

2012 Minimums and Maximums for HSAs* and HDHPs


Individual Coverage



Maximum Annual
HSA Contribution** $3,100
(up $50 from
$3,050 for 2011)

Family

$6,250
(up $100 from
$6,150 for 2011)


Minimum HDHP Deductible

$1,200
(same as for 2011) $2,400
(same as for 2011)

Maximum HDHP
Out-of-Pocket Expense*** $6,050
(up $100 from
$5,950 for 2011)
$12,100
(up $200 from
$11,900 for 2011)

Question from current member today

"What is going on with healthcare reform? What's going to happen?"

Under the The Patient Protection and Affordable care act or ACA passed in March, 2010:

By 2014, you will be able to compare and buy insurance on a health insurance exchange. The exchange will offer a choice of approved insurance plans. It will also help you find the best plan for you and your family.

In 2014, a person with income below 400% of the federal poverty level (currently $43,560 for a single person) can get a subsidy to buy health insurance. The subsidy will be higher for those with lower income. If you are under 65 and make less than 133% of the FPL (currently $12,305 for a single person) you can get Medicaid in 2014.