May 19, 2009

  • IRS Releases New HSA Limits

    2010 HSA Limits

    Revenue Procedure 2009-29 provides the 2010 inflation adjusted amounts for health savings accounts under section 223 of the Code.

    Annual contribution limitation. For calendar year 2010, the annual limitation on deductions under §223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,050. For calendar year 2010, the annual limitation on deductions under §223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $6,150.

    High deductible health plan. For calendar year 2010, a “high deductible health plan” is defined under §223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,200 for self-only coverage or $2,400 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $5,950 for self-only coverage or $11,900 for family coverage.

    [IRB 2009-22, June 1, 2009]