“Mr. HSA” Projects 2013 HSA Numbers

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"With last Friday's release of the January inflation figures by the Bureau of Labor Statistics, the inflation-adjusted amounts for health savings accounts (HSAs) for 2013 are coming into view," says “Mr. HSA,” Roy Ramthun . "I can now project the 2013 numbers for HSAs with virtual certainty."

Roy Ramthun, also known as “Mr. HSA,” is now projecting the 2013 amounts for HSAs. "With last Friday's release of the January inflation figures by the Bureau of Labor Statistics (BLS), the inflation-adjusted amounts for health savings accounts (HSAs) for 2013 are coming into view," says Ramthun. "With only two months of data remaining to be collected, we can now project the 2013 numbers for HSAs with virtual certainty."

Because of the enactment of the Tax Relief and Health Care Act of 2006 (P.L. 109-432), the data period for calculating the inflation adjustments runs through March (reported by the BLS in April). The U.S. Treasury Department is required to publish the inflation-adjusted amounts for the upcoming year for HSAs by June 1 each year.

Ramthun predicts that the maximum HSA contribution (not including catch-up contributions) will increase to $3,200 for individuals with self-only coverage and $6,450 for those with family coverage in 2013. The annual catch-up contribution for individuals age 55 or older is set by statute and will remain $1000 per person for 2013.

Ramthun also predicts that changes will be forthcoming for the HSA-qualified insurance plans as well. “For the first time in three years, the minimum deductible for HSA-qualified plans will increase. Health plans that have been using the minimum deductible will need to update their plans for next year” The minimum deductible is projected to rise to $1,250 for individuals with self-only coverage and $2,500 for individuals with family coverage.

“The limits on out-of-pocket expenses will also rise for 2013,” says Ramthun. The new limits are expected to increase to $6,250 for individuals with self-only coverage and $12,500 for individuals with family coverage. “Existing plans with lower limits will not have to change this feature of their plan designs but can if they want to,” says Ramthun.

About Roy Ramthun:

Roy Ramthun led the U.S. Treasury Department’s implementation of the HSA program after they were enacted in 2003. Now a private consultant, Ramthun is a nationally-recognized expert on HSAs and consumer-driven health plans. He is a frequent speaker at conferences and seminars around the country. More information is available at http://www.hsaconsultingservices.com.

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Timothy Morales
HSA Clearing Corp
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