NEW HSA AMOUNTS FOR 2012

Here are the new HSA contribution limits for 2012:

• 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.