The maximum contributions that can be made to health savings accounts will
increase next year, the Internal Revenue Service said Tuesday, May 14.
In addition, the minimum deductible imposed on health insurance plans linked
to HSAs and the maximum out-of-pocket expenses that employees can be required to
pay also will rise, the IRS said.
In 2009, the maximum contribution that can be made to an HSA for employees
with single coverage will be $3,000—up from $2,900 in 2008—while the maximum
contribution for those with family coverage will rise to $5,950 from $5,800.
In addition, the maximum out-of-pocket expense—including deductibles—that
employees with single coverage can be required to pay will rise to $5,800, up
from $5,600 in 2008. For those with family coverage, the maximum will rise to
$11,600 from $11,200.
The minimum deductible of the health plan to which HSAs must be linked will
increase to $1,150 next year for employees with single coverage, up from $1,100;
the minimum deductible for those with family coverage will increase to $2,300
from $2,200.
The new limits reflect increases in the cost of living.
Filed by Jerry Geisel of Business Insurance, a sister publication of
Workforce Management. To comment, e-mail editors@workforce.com.
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