NEW HSA AMOUNTS FOR 2012

Here are the new contribution limits for 2012 HSA:

• Contribution limit ~ Family: $6,250 Self: $3,100
• Catch up if over 55 ~ Family: $1,000 Self: $1,000
• Minimum deductible ~ Family: $2,400 Self: $1,200
• Max out of pocket ~ Family: $12,000 Self: $6,050

The catch up contribution can only be made by individuals who are at least 55 and are not yet enrolled in Medicare.

Remember that starting in 2011 because of Obama Care over-the-counter medicines may not be reimbursed thru HSA.