Boy how time flies! So much so that the new IRS guidelines for 2013 H S A contributions are already out! Can you believe it? And since I’m quite passionate about HSA’s, I felt compelled to share them with you. If you are yawning about now, feel free to scoot on down to the bottom for a yummy Tanya approved recipe, and then down for some great quotes. Thanks to Lauren for putting these together for me.
Hot Off the Press!
The IRS has announced adjustments that affect health savings accounts in 2013.
The HSA contribution limits and high deductible health plan out-of-pocket maximums are up slightly over 2012. For the first time in three years, the HDHP minimum required deductibles have increased.
HSA contribution limits:
- Individuals (self-only coverage) – $3,250 (up $150 from 2012)
- Family coverage – $6,450 (up $200 from 2012)
HDHP minimum required deductibles:
- $1,250 for self-only coverage
- $2,500 for family coverage
(Out-of-pocket expenses include deductibles, co-payments, and other amounts, but not premiums)
- $6,250 for self-only coverage
- $12,500 for family coverage
Unfortunately OTC medications are still not a qualified expense unless you have a prescription from your doctor. If you want to know what I think about this, feel free to call me!
Also, if you are dying to know more about HSA’s or any insurance options please call us.
For those still needing 2012 Funding Limits
Maximum funding for HSA account holders with individual coverage is $3100.
Maximum funding amount for HSA account holder with family coverage is $6250.
Catch up contribution for participants 55 and older remains $1000.
For families with 2 or more HSA qualified participants special funding rules apply.
For Your Taste Buds!
For a healthy, tasty snack we love to enjoy this simple yet delicious treat:
Core and slice an apple then cover it with peanut butter, oats, nuts, and chocolate chips, enjoy!
There are two lasting bequests we can give our children: One is roots, the other is wings.
– Hodding Carter
Let us be grateful to people who make us happy, they are the charming gardeners who make our souls blossom.
Physical fitness is not only one of the most important keys to a healthy body, it is the basis of dynamic and creative intellectual activity.
-John F. Kennedy