2010 HSA Contribution Limits, Deductibles, and Out-of-Pocket Expenses
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.
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Minimum
Deductible
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Maximum
Out-of-Pocket
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Contribution Limit
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55+ Contribution
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Single
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$1,200
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$5,950
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$3,050
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$1,000
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Family
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$2,400
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$11,900
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$6,150
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$1,000
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For more detailed information on HSAs and taxes, visit the U.S. Department of Treasury Web site at www.ustreas.gov or talk with your tax advisor.
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