Press Room

2013 Compensation Benefit Limits

Contribution and Out-of-Pocket Limits for Health Savings Accounts
and for High-Deductible Health Plans

For 2012

For 2013

Change

HSA contribution limit (employer + employee)

Individual: $3,100 
Family: $6,250

Individual: $3,250 
Family: $6,450

Individual: +$150 
Family: +200

HSA catch-up contributions (age 55 or older)*

$1,000

$1,000

No change**

HDHP minimum deductible amounts

Individual: $1,200
Family: $2,400

Individual: $1,250
Family: $2,500

Individual: +$50
Family: +$100

HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)

Individual: $6,050 
Family: $12,100

Individual: $6,250 
Family: $12,500

Individual: +$200 
Family: +$400

 

Contribution Plan Limits
For 401(k), 403(b) and most 457 plans, below are the COLA increases for dollar limits on benefits and contributions.

2013

2012

Maximum elective deferral by employee.

$17,500

$17,000

Catch-up contribution (age 50 and older during 2012).

$5,500

$5,500

Defined contribution maximum deferral (employer/employee combined).

$51,000

$50,000

Employee annual compensation limit for calculating contributions.

$255,000

$250,000

Annual compensation of "key employees" in a top-heavy plan.

$165,000

$165,000

Annual compensation of "highly compensated employee" in a top-heavy plan.

$115,000

$115,000

 

 

(k) Workplace Retirement Plan Limits

2013

2012

SIMPLE employee deferrals

$12,000

$11,500

SIMPLE catch-up deferrals

$2,500

$2,500

SEP minimum compensation

$550

$550

SEP annual compensation limit

$255,000

$250,000

ESOP maximum account balance subject to the five-year distribution period

$205,000

$200,000

Social Security wage base

$113,700

$110,100

 

 

Other news

Health Insurance Reform 2013

How Will Health Reform Impact Employers in 2013?

Small Business Health Care Tax Credit

A qualifying employer must cover at least 50 percent of the cost of health care...

Contact

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Suite E-5
Orlando, Florida 32811
Telephone: 407.480.3456
FAX: 407.674.8959
E-mail: steve@goiprg.com