2010 offers individuals and families additional opportunities to save for current and future health care with a health savings account:

• HSA holders can choose to save up to $3,050 for an individual and $6,150 for a family (HSA holders 55 and older get to save an extra $1,000 which means $4,050 for an individual and $7,150 for a family) – and these contributions are 100% tax deductible from gross income.
• Minimum annual deductibles are $1,200 for self-only coverage or $2,400 for family coverage.
• Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $5,950 for self-only coverage and $11,900 for family coverage.

Single

Minimum Deductible:     $1200

Maximum Out-Of-Pocket:     $5950

Contribution Limit:     $3050

55+ Contribution Limit:     $1,000

Family

Minimum Deductible:     $2400

Maximum Out-of-Pocket:     $11,900

Contribution Limit:     $6150

55+ Contribution:     $1000

Originally posted 2010-03-09 09:19:49. Republished by Blog Post Promoter

Tags: 2010 HSA, 2010 HSA Contribution Limits, deductibles, HSA Contribution Limits, hsa family contribution limit 2010, Out-of-Pocket expenses, what is the HSA contribution limit for 2010