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Alert - Economic Stimulus Payments Clarified

 
 

Pension Digest Alert
IRS announces the inflation adjusted amounts for 2010 for HSAs
May 15, 2009

The IRS issued Revenue Procedure 2009-29 announcing the inflation adjusted amounts for 2010 for Health Savings Accounts. It is effective for calendar year 2010.

Annual Contribution Limit
2009
2010
Self-Only HDHP Coverage
$3,000
$3,050
Family HDHP Coverage
$5,950
$6,150
 
High Deductible Health Plan Requirements
Minimum Deductible
Self-Only HDHP Coverage
$1,150
$1,200
Family HDHP Coverage
$2,300
$2,400
 
Maximum Out-of-pocket Expenses
Self-Only HDHP Coverage
$5,800
$5,950
Family HDHP Coverage
$11,600
$11,900

HSA Catch-Up Contributions Remain at $1,000 per year, per person.

The complete revenue procedure can be found at\

http://www.irs.gov/pub/irs-drop/rp-09-29.pdf.

 
 

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