2011 HSA Contribution Limits, Deductibles, and Out-of-Pocket Expenses
Note: There are no changes in contribution limits in 2011 from 2010.
2011 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.
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.
This site is presented as general information by Golden Rule Insurance Company and UnitedHealthcare Life Insurance Company, offering products under the UnitedHealthOneSM brand. It is not intended as an advertisement of, or solicitation for any health insurance product.
Precise HSA tax effects depend on federal law.