Health Savings Account (HSA) Changes for 2013

Health Savings Account (HSA) Changes for 2013

Written by Jenn Paton, Senior Account Manager

For 2013, the health savings accounts (HSAs) contributions will be increasing from $3,100 to $3,250 for individuals and $6,250 to $6,450 for families.  In conjunction with the contribution increase comes a deductible increase in high-deductible health plans (HDHPs) carriers.  Since these go hand and hand, the increase in out of pocket expenses for HDHPs is inevitable.  As of the date of this blog post, insurance carriers have not released the “new” deductibles, but they have been proposed.  Insurance carriers will have to comply with the IRS regulations.

Do you need more guidance on health savings accounts?  Download our free HSA guide:

Free HSA Guide

A comparison of the 2012 and 2013 limits is shown below (Source SHRM):

HSA and HDHP 2012 2013 Changes resized 600

Do you have additional HSA questions?

We invite you to do one or all of the following:

  1. Contact Us – Our Human Resource experts are happy to help.
  2. See our previous blogs on HSAs.
  3. Download our valuable free guide on Health Savings Accounts.

Free HSA Guide

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About the Author

FosterThomas is a leading professional services company that provides solutions in the areas of Human Resources Consulting and Outsourcing, HR Staffing, Outsourced Recruiting, Employee Benefits Brokerage, Payroll Implementation and Services, HR for Government Contractors, Business Insurance, HR Compliance and Risk Management. We help organizations by providing solutions designed with a focus on cost containment strategies and increasing HR efficiency. FosterThomas HR Consulting was established in 1993 with offices in Annapolis, Maryland (Corporate), McLean, Virginia and Raleigh, North Carolina. Today, FosterThomas occupies a unique position as a full service provider of HR services.

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