- HSA Contribution Limit Remains Unchanged for 2011
- June 1, 2010
- Law Firm: Ford Harrison LLP - Atlanta Office
The IRS has announced that the 2011 inflation adjusted amounts for Health Savings Accounts (HSAs) will remain unchanged from the 2010 amounts because after the application of the cost-of-living adjustment rules, the changes in the Consumer Price Index for the relevant period do not result in changes to the amounts for 2011.
Annual Contribution Limits for 2011:
Individual with Self-Only Coverage under High-Deductible Health Plan: $3,050
Individual with Family Coverage under High-Deductible Health Plan: $6,150
High Deductible Health Plan:
For 2011, a high deductible health plan is a health plan with an annual deductible that is not less than $1,200 for self-only coverage or $2,400 for family coverage, and the out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $5,950 for self-only coverage or $11,900 for family coverage.