Compliance Tip #2–Health Spending Account Limits 2012 and 2013

For those employers and individuals with Health Spending Accounts (HSA), here are the contribution limits for 2012 and 2013.

For 2012, an individual may contribute $3,100 and the family maximum is $6,250. If you’re over 55, you can contribute an additional $1,000 per year.

For 2013, the limits go up for the individual to $3,250 and the family maximum of $6,450. And those over 55 can contribute $1,000 more.

These contributions are 100% tax deductible. For more information, check out the HSA Center.com at www.HSAcenter.com.

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