HSA indexed amounts for 2009

Jun 17, 2008

  1. GreenSky
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    HSA indexed amounts for 2009


    The Treasury Department and IRS issued new 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 2009.
    The new 2009 levels are as follows:
    New maximum annual contribution levels for HSAs:
    • For 2009, the maximum annual HSA contribution for an eligible individual with self-only coverage is $3,000.
    • For family coverage, the maximum annual HSA contribution is $5,950.
    • Catch-up contributions for individuals who are 55 or older is increased from $900 to $1,000 for 2009.
    New maximum amounts for out-of-pocket spending on HSA-compatible HDHPs:
    • The maximum annual out-of-pocket amount for HDHP self-coverage increases to $5,800 and the maximum annual out-of-pocket amount for HDHP family coverage is twice that, $11,600.
    Minimum deductible amounts for HSA-compatible HDHPs:
    • For 2009, the minimum deductible for HDHP increases to $1,150 for self-only coverage and $2,300 for family coverage.
    See handy reference chart


    Rick
     
    GreenSky, Jun 17, 2008
    #1
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