Private consultant Roy Ramthun, who led the U.S. Treasury Department's implementation of the HSA program after it was enacted in 2003 and is an expert on consumer-driven health care, projects that the maximum HSA contribution will expand to $3,200 for individuals with self-only coverage and $6,450 for those with family coverage in 2013.
These figures do not include catch-up contributions, which for individuals age 55 or older is set by statute and will stay at $1000 per person for 2013, Ramthun says.
"For the first time in three years, the minimum deductible for HSA-qualified plans will increase," Ramthun says. "Health plans that have been using the minimum deductible will need to update their plans for next year."
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For individuals with self-only coverage, the minimum deductible is believed to rise to $1,250 and $2,500 for individuals with family coverage, Ramthun says.
The limits on out-of-pocket expenses is also expected to rise for 2013, Ramthun adds, with the new limits increasing to $6,250 for individuals with self-only coverage and $12,500 for individuals with family coverage. For existing plans with lower limits, this feature of their plan designs does not have to be changed, but the option is available.
Based on the enactment of the Tax Relief and Health Care Act of 2006 (P.L. 109-432), the data period for measuring the inflation adjustments is in effect through March. A mandates requires that the U.S. Treasury Department publish inflation-adjusted HSA amounts for the next year by June 1.
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