2012 HSA changes: What you need to communicate

The New Year is now just weeks away and with it will come the phone calls and emails from your clients asking about the new contribution limits for health savings accounts (HSA). This year, get out ahead of the inquirers and send a link to this article to your clients who have HSAs. They will thank you for it.

For the past two years HSA contribution limits have remained static with the single contribution set at $3,050; $6,150 for families, and an additional $1,000 catch-up contribution for those 55, and older. However, contribution limits will once again change for 2012, as dictated by the results on an annual calculation for inflation factors.