Visit 2hsa.com for the best HSA offerings

May 2009 return to the table of contents

2010 Health Savings Account Contributions Limits Announced

The maximum contribution that can be made to an HSA in 2010 for employees with single coverage will be $3,050, up from $3,000 in 2009, according to the US Treasury.

The maximum HSA contribution for those with family coverage will rise to $6,150, up from $5,950.

Additionally, the maximum out-of-pocket expense, including deductibles, that employees can be required to pay next year will rise to $5,950 for single coverage, up from $5,800 this year, and $11,900 for family coverage, up from $11,600.

The minimum deductible of the high-deductible health insurance plan to which HSAs must be linked will increase next year to $1,200 for single coverage and $2,400 for family coverage. The current minimum deductibles are $1,150 for single coverage and $2,300 for family coverage.

The new limits that the IRS announced Thursday reflect increases in the cost of living.

 

Tell a friend about this article

Click here to subscribe to the free
Managing Your Healthcare
email newsletter