Health Savings Accounts

Here are some key points for Health Savings Accounts.

Health Savings Accounts Key Points - 2012
The Distributions from HSAs and MSAs not used for medical expenses are treated as taxable income.
Contribution Limit (Self-Only Coverage)$3,100
Contribution Limit (Family Coverage)$6,250
Catch-Up Contribution (For Taxpayers Over Age 45)$1,000
High Deductible Health Plan
Annual Deductible (Self-Only Coverage)$1,200
Annual Deductible (Family Coverage)$2,400
Out-of-Pocket Limit (Self-Only Coverage)$6,050
Out-of-Pocket Limit (Family Coverage)$12,100
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