High-Deductible Health Savings Account Adjustments

Posted in Articles, Tax Highlights July 2011

Keywords: HDHP, IRS, tax

The Internal Revenue Service released Revenue Procedure 2011-32 effective for the 2012 calendar year. Revenue Procedure 2011-32 adjusts for 2012 inflation figured for contributions to HSAs. The annual limitation on deductions increased for qualified individuals with self-only coverage from $3,050 in 2011 to $3,100 and for qualified individuals with family coverage from $6,150 in 2011 to $6,250.i  

The annual deductible for a health plan for the 2012 tax calendar year to be considered a “high-deductible health plan” remains the same as that set for the 2011 tax calendar year by Rev. Proc. 2010-22. The annual deductible cannot be less than $1,200 for self-only coverage or $2,400 for family coverage, and the annual out-of-pocket expenses cannot exceed $6,050 for self-only coverage or $12,100 for family coverage.ii 

If you have any questions, please contact Michael Calahan at  mcalahan@BlackmanKallick.com or 312-980-2996, David Lowenthal at  dlowenthal@BlackmanKallick.com or 312-980-2954, or your Blackman Kallick representative. 

 i Rev. Proc. 2011-32, 2011-22 IRB, 05/13/2011, IRC Sec. 223
 ii Rev. Proc. 2010-22, 2010-23 IRB, 05/24/2010, IRC Sec. 223

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.


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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.