The Internal Revenue Service has set contribution limits for Health Savings Accounts (HSAs) for calendar year 2013.

For calendar year 2013, the annual contribution limit for an individual with self-only coverage under a high deductible plan will increase $150 to $3,250; the annual limit for an individual with family coverage will increase $200 to $6,450.

For calendar year 2013, a "high deductible heath plan" means a plan with:

  • An annual deductible that is not less than $1,250 for self-only coverage or $2,500 for family coverage (up from $1,200 and $2,400 in 2012); and
  • Annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) that do not exceed $6,250 for self-only coverage or $12500 for family coverage (up from $6,050 and $12,100 in 2012).

Read the IRS announcement