New Limits and changes for HSA 2009
Effective January 2009, the new minimum deductible for a Qualified High Deductible
Health Plan is $1,150 for single coverage and $2,300 for family; up from the 2008
minimums of $1,100 and $2,200 respectively. In addition, allowable deposits have
increased in 2009 to $3,000 for an individual and $5,950 for a family. For those
individuals age 55 and older, an additional $1,000 catch–up contribution can
be made to the HSA. For further clarification regarding Health Savings Accounts,
please see the
IRS
Q&A Notice 2008-59.
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