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June 7, 2011

Health Savings Accounts: 2012 Cost of Living Adjustments

In Rev Proc 2011-32, the IRS released the 2012 cost of living adjustments (COLA) for health savings accounts.  Note, the statutory high deductible health plan (HDHP) minimum deductibles remain unchanged from the 2011 limits.  The HDHP out-of pocket limits, and the statutory HSA contribution amounts, have increased slightly.

 

Individual/Self Only

Family

2011

2012

2011

2012

HDHP Annual Deductible

$1,200

$1,200

$2,400

$2,400

HDHP Annual Out-of-Pocket Limits

$5,950

$6,050

$11,900

$12,100

Contribution Limits

$3,050

$3,100

$6,150

$6,250

 

The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations.

As required by U.S. Treasury rules, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this Benefit Beat is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service.

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