The IRS has released the 2010 cost-of-living adjustments for Health Savings Account (HSA) contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums.
The IRS has released the 2010 cost-of-living adjustments for Health Savings Account (HSA) contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums.
HSA Contribution Limits
- Self-only: $3,050 (up from $3,000 for 2009)
- Family Coverage: $6,150 (up from $5,950 for 2009)
HDHP Deductibles and Out-of-Pocket Maximums
Self-only
- annual deductible: not less than $1,200 (up from $1,150 for 2009)
- out-of-pocket expenses: not more than $5,950 (up from $5,800 for 2009)
Family Coverage
- annual deductible: not less than $2,400 (up from $2,300 for 2009)
- out-of-pocket expenses: not more than $11,900 (up from $11,600 for 2009)
The annual catch-up contribution limit (for HSA-eligible individuals who are age 55 or older), set by statute, remains at $1,000 for 2010.
If you have any questions regarding HSAs or HDHPs or other employee benefits related questions, please contact any member of Ford & Harrison's Employee Benefits practice group.