Roth & Company, PC Tax Update Blog

Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

IRS releases 2010 HSA limits

May 15, 2009

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.


Tags: ..

      Bookmark: del.icio.usDiggreddit

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

Post a comment





Email: jkristan@rothcpa.com  •  Phone: (515) 244-0266
All content © Roth & Company, P.C.  •  Powered by Movable Type  •  Site by Sekimori Design