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2010 Health Savings Accounts (HSA) Changes
Change to Annual Contribution Limitation for 2010
For calendar 2010, the limitation on deductions under Code Sec. 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,050 (p from $3,000 for 2009). Fr calendar year 2010, the limitation on deductions under Code Sec. 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $6,150 (up from $5,950 for 2009).
High Deductible health plan for 2010
For calendar year 2010, a "high deductible health plan" is defined under Code Sec. 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,200 for self only coverage (up from $1,150 for 2009) or $2,400 for family coverage (up from $2,300 for 2009), and the annual out-of=pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $5,950 for self-only coverage (up from $5,800 for 2009) or $11,900 for family coverage (up from $11,600 for 2009).
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