The maximum contribution permitted to a Health Savings Account (HSA) has been increased for 2012:

        $3,100 for an individual with self only coverage
        $6,250 for an individual with family coverage

In addition, an individual over the age of 55 is permitted a $1,000 catch-up deduction.

Contributions to an HSA are 100% tax deductible and you can contribute up to the maximum even if your deductible is less;  the minimum annual deductible for qualified health insurance is only $1,200 for self-only coverage or $2,400 for family coverage.   Unused amounts in your HSA continue to grow tax free and can be considered an additional form of retirement income after age 65, much like an IRA.


For more information check IRS Publication Rev. Proc. 2011-32.