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June 4, 2008

HSA Limits for 2009

In Rev Proc 2008-29, the IRS released 2009 cost of living adjustments for health savings accounts.  Following are annual deductible amounts for a high deductible health plan (HDHP) used in conjunction with a health savings account (HSA), and limits for out-of-pocket expenses and contributions for both 2008 and 2009.

 

Individual/Self Only

Family

2008

2009

2008

2009

HDHP Annual Deductible

$1,100

$1,150

$2,200

$2,300

Out-of-Pocket Expenses

$5,600

$5,800

$11,200

$11,600

Contribution Limits

$2,900

$3,000

$5,800

$5,950

Catch-up contributions for individuals aged 55 and over, will increase from $900 in 2008, to $1,000 for 2009 and thereafter.

 

The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations.

As required by U.S. Treasury rules, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this Benefit Beat is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service.

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