Question:
Are there limits to how much I can contribute to my HSA?
Answer:
Yes. The IRS determines the maximum amount that can be contributed to an HSA for a calendar year. The 2013 limits are $3,250 for an individual plan and $6,450 for a family plan. In addition, accountholders who are age 55 or older are allowed to make an annual $1,000 Catch-Up Contribution. Those who enroll in Medicare mid-year should pro-rate contributions.
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