Pension
Digest Alert
IRS Issues 2011 Indexed Amounts for HSAs
- No Changes versus 2010
May 2010
The contribution limits for 2011
will be the same as the 2010 limits. The Treasury Department and Internal
Revenue Service issued the new guidance on the maximum contribution
levels for Health Savings Accounts (HSAs) and out-of-pocket spending
and deductible limits for High Deductible Health Plans (HDHPs) that
must be used in conjunction with HSAs.
The 2011 limits were set forth
in Revenue Procedure 2010-22. These limits have not changed because
changes in the Consumer Price Index for the relevant period did not
result in any changes for 2011 under the statutory formula.
High Deductible
Health Plans |
|
Minimum
Annual Deductible |
Maximum
Annual
Out-of-Pocket Expenses |
2010 |
2011 |
2010 |
2011 |
Single Coverage |
$1,200 |
$1,200 |
$5950 |
$5,950 |
Family Coverage |
$2,400 |
$2,400 |
$11,900 |
$11,900 |
Maximum Contribution
Limits |
|
2010 |
2011 |
|
Single HDHP |
$3,050 |
$3,050 |
|
Family HDHP |
$6,150 |
$6,150 |
HSA Catch-Up
Contributions |
|
2010 |
2011 |
|
Age 55 and Older |
$1,000 |
$1,000 |
|
|