North Carolina Health Savings Account Limits for 2012

As you can see from a lot of my blog posts and my website, I am a pretty big advocation of having a health plan that qualifies for a North Carolina health savings account

Starting January 1, 2012 for High Deductible Health Plans (HDHP) the annual contribution limit for health savings account will increase.  Currently for individuals with self-only coverage enrolled in an HDHP, the maximum annual contribution amount will increase from $3,050 to $3,100.  For individuals with family coverage (2 or more on plan) the contribution limit will increase from $6,150 to $6,250.

No changes are being made as to what defines a HDHP. Currently and into 2012 an HDHP is defined as having an annual dedcutible for self-only coveraeg of at least $1,200 and a $2,400 deductible for family coverage. In addition, for self-only coverage the annual out of pocket (OOP) maximum cannot exceed $6,050 (most carriers cap self-only OOP at $5,000) and $12,100 for family coverage (most carriers cap family OOP at $10,000).

Please review your options for North Carolina health plans and contact us to assist in determining which plan is right for you.

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