The annual contribution limit for health savings accounts (HSAs) will increase for high deductible health plans with effective dates of January 1, 2012 or later.

For individuals with self-only coverage enrolled in a high deductible health plan, the maximum HSA contribution amount will increase from $3,050 to $3,100. For individuals with family coverage enrolled in a high deductible health plan, the maximum HSA contribution amount will increase from $6,150 to $6,250.In 2012, a high deductible health plan will continue to be defined as a health plan with an annual deductible that is at least $1,200 for self-only coverage or $2,400 for family coverage, and an annual out-of-pocket maximum amount that does not exceed $6,050 for self-only coverage or $12,100 for family coverage. Out-of-pocket expenses include deductibles, co-payments and other amounts, but do not include premiums.

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IS ANYTHING BEING DONE? YES!

The problem of uninsured Americans – North Carolinians specifically –
has been decades in the making. But some initiatives are making significant differences now. Blue Cross and Blue Shield of North Carolina has taken steps to make health care more accessible and affordable for everyone by:
• Working with the Blue Cross and Blue Shield Association to cut fraud, waste and abuse – saving subscribers more than $240 million nationally in 2004 alone.* BCBSNC efforts reduced fraud, waste and abuse by nearly $10 million within the state in 2006.**
• Making the cost of prescription drugs more affordable by providing incentives to customers to use generic drugs, and piloting programs such as electronic prescribing.
• Showing real results in helping members make good choices about activity and nutrition, and manage their chronic conditions through our Member Health PartnershipsSM. This program helps them save money and avoid illness down the road.
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