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The IRS has released the 2010 dollar limits and requirements for Health Savings Accounts:
The 2010 contribution limits are $3,050 for single plans and $6,150 for family plans.
You have to have a "high deductible" plan to qualify to make an HSA contribution. That's a plan with an annual deductible of at least $1,200 for single plans and $2,400 for family coverage. The plans can't have annual out-of-pocket expenses (besides premiums) in excess of $5,950 for single coverage and $11,900 for family coverage.
Link: IRS publication 969 on HSAs.

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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Comments
Despite Health care reform, Health Savings Accounts provide a great way for individuals and families to pay medical expenses that are otherwise not covered. Definitely consider them
Posted by: Andy | August 18, 2010 9:14 PM