This year the limits increased slightly over 2012, bringing with them another opportunity for HSA owners to save for current and future medical expenses!
Individual HSA owners can choose to contribute up to $3,250, while Family HSA owners can contribute up to $6,450. Those individuals who are 55 and older get to contribute an extra $1,000 on top of the annual limit (Individual $4,250; Family $7,450)
Those individuals who are covered by a spouse’s Qualified High Deductible Health Plan and qualify to make the extra $1,000 contribution (55+), are required to make the contribution into their own HSA.
This blog article is for informational purposes only, and is not an advertisement for a product or service. The accuracy and completeness is not guaranteed and does not constitute legal or tax advice. Please consult with your own tax, legal, and financial advisors.