The maximum contributions that can be made to health savings accounts in 2013 will rise slightly. The following data for 2013 was recently released by the IRS for Health Savings Accounts (HSAs):
- The maximum contribution that can be made to an HSA in 2013 is $3,250 for employees with single coverage, up from $3,100 this year.
- The maximum 2013 HSA contribution for those with family coverage will be $6,450, up from $6,250 this year.
- The maximum out-of-pocket employee expense, including deductibles, will rise to $6,250 in 2013 for single coverage, up from $6,050 in 2012. For family coverage, it will increase to $12,500 next year from $12,100 this year.
- The minimum deductible for a high-deductible health care plan to which HSAs must be linked will increase to $1,250 for single coverage and $2,500 for family coverage.