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CCH® HR MANAGEMENT - 06/08/09

IRS announces 2010 HSA limits

The IRS issued guidance on the maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits for high deductible health plans (HDHPs) that must be used in conjunction with HSAs. These amounts have been indexed for cost-of-living adjustments for 2010.

For 2010, the maximum annual HSA contribution for an eligible individual with self-only coverage is $3,050. For family coverage the maximum annual HSA contribution is $6,150.

The maximum annual out-of-pocket amount for HDHP self-coverage increases to $5,950 and the maximum annual out-of-pocket amount for HDHP family coverage is twice that, $11,900.

For 2010, the minimum deductible for an HDHP increases to $1,200 for self-only coverage and $2,400 for family coverage.

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