Health Savings Account (HSA) Contributions
HSA contributions can be made by you, your employer, or both. Your annual contribution to an HSA can be up to the maximum allowed by the IRS (see below).
2010 HSA Summary
(Read
U.S. Treasury HSA Indexed Amounts for details)
- Contribution deadline: April 15, 2011 for 2010 tax returns.
- Eligible health plans have a deductible of at least $1,200 for individual coverage, $2,400 for family coverage.
- Maximum annual out-of-pocket amounts (deductibles, co-payments, and other amounts, but not premiums) are $5,950 for individual, and $11,900 for family.
- Annual contribution limit is $3,050 for individual, and $6,150 for family. Individuals age 55 and older can also make additional “catch-up” contributions up to $1,000.
2009 HSA Summary
(Read
U.S. Treasury HSA Indexed Amounts
for details)
- Contribution deadline: April 15, 2010 for 2009 tax returns.
- Eligible health plans have a deductible of at least $1,150 for individual coverage, $2,300 for family coverage.
- Maximum annual out-of-pocket amounts (deductibles, co-payments, and other amounts, but not premiums) are $5,800 for individual, and $11,600 for family.
- Annual contribution limit is $3,000 for individual, and $5,950 for family. Individuals age 55 and older can also make additional “catch-up” contributions up to $1,000.
