Industry News

2010 HSA CONTRIBUTION LIMITS

The IRS announced the new 2010 HSA contribution limits. Maximum contribution for a Single is $3,050, while Family is $6,150. The Catch up rule for those over age 55 remains the same at $1,000.

Remember - participants may now contribute up to the annual limit regardless of the amount of their deductible or when they enrolled in an HDHP.

The contribution limits include all contributions made on behalf of the individual. If an indivdiual has more than one HSA, the annual maximum limit applies to all the HSA's,

If you have any questions about a HSA Plan - please contact our office.