• Individual Health Insurance

    2013 HSA Contribution Limits, Deductibles, and Out-of-Pocket Expenses

    2013 offers individuals and families additional opportunities to save for current and future health care with a health savings account: HSA holders can choose to save up to $3,250 for an individual and $6,450 for a family (HSA holders 55 and older get to save an extra $1,000 which means $4,250 for an individual and $7,450 for a family) – and these contributions are 100% tax deductible from gross income. Minimum annual deductibles are $1,250 for self-only coverage or $2,500 for family coverage. Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $6,250 for self-only coverage and $12,500 for family coverage. Minimum Deductible Maximum Out-of-Pocket Contribution…