Legislative Brief - IRS Increases Health Savings Account Limits

the Current: Legislative Brief Series

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MacCorkle Insurance Service is pleased to provide you with this update - we hope you find the presented topic both interesting and informative. Please look for future editions providing the HR professional with compliance and legislative briefs throughout the year.

IRS Increases Health Savings Account Limits

On May 17, 2011, the Internal Revenue Service (IRS) released IRS Notice 2011-32, which makes changes to Health Savings Accounts (HSAs) effective for calendar year 2012. The Capitol Building notice makes changes to:

· Annual contribution limitations for single and family coverage; and

· Maximum out-of-pocket employee expense for single and family coverage under a high deductible health plan.

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