HDHP and HSA limits increase in 2010
Posted on : June 16, 2009 | By : Sophie Callahan | In : Health Insurance, Politics
Tags: deductible, hdhp, health savings accounts, high deductible health insurance, HSA
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The IRS has released on June 1 the 2010 annual limits or high deductible health plans (HDHP) and health savings accounts (HSA). Under Code Section 223, the new limits are effective for the calendar year 2010. The IRS released the increase on June 1 to allow time for employers, employees, and plan administrators to make adjustments to their plans.
For high deductible health plans (HDHP), the deductible is increasing from $1,150 to $1,200 for individuals and $2,300 to $2,400 for families. The HDHP Maximum Out-of-pocket amount is increasing from $5,800 to $5,950 for individuals and from $11,600 to $11,900 for families.
As for the HSA Statutory Contribution amount, it is increasing from $3,000 to $3,050 for individuals and from $5,950 to $6,150 for families. The catch-up contributions for individuals 55 or older are staying at $1,000.
