News

New HSA Maximum Contribution Limits

01/10/2012
Did you know that the maximum contribution limits for health savings accounts are adjusted annually? After no change in 2011, the government has increased the limits slightly for 2012 to adjust for inflation.
 
The contribution limit for an individual increased $50 to $3,100 and the limit for families increased $100 to $6,250. The catch-up provision for those age 55+ remains at $1,000.
 
1st Source HSA Checking is the ideal complement to your High Deductible Health Plan. Check it out today so you can invest your health care dollars wisely and cover both current and future medical and health expenses.