2013 Health Savings Account Guidelines and Limits

The IRS has released the limits on Health Savings Accounts (HSAs) for 2013. The main point for consumers is to note that the maximum contributions have gone up a bit, as they typically do year to year:

  • Individual HSA: $3,250/year maximum contribution
  • Family HSA: $6,450/year maximum contribution

Remember, contributions to an HSA are deducted from your taxable income, so that’s a great tax break for freelancers, the self-employed, or anyone else interested in saving on taxes. Of course you have to have a qualified high deductible health insurance plan in order to open and contribute to an HSA. As you may have guessed, we’d be happy to help with that.