2009 HSA Contribution Limits

The IRS recently issued guidance outlining the maximum annual contributions for health savings accounts (HSAs) for calendar years 2008 and 2009 [Rev. Proc. 2007-36].

Previously, the maximum contribution was calculated as the lesser of the deductible of the accompanying high deductible health plan or the indexed statutory amount. However, the Health Opportunity Patient Empowerment Act of 2006 specified that the maximum annual contribution is the indexed statutory amount for taxable years beginning after December 31, 2006 .

The annual contribution limit on deductions is as follows:

• Calendar year 2008: $2,900 for an individual with self-only coverage under a high deductible health plan and $5,800 for an individual with family coverage.
• Calendar year 2009: $3,000 for an individual with self-only coverage under a high deductible health plan and $5,950 for an individual with family coverage.

For calendar year 2009, a "high deductible health plan" is one that has:

• An annual deductible of at least $1,150 for self-only coverage or $2,300 for family coverage, and
• Annual out-of-pocket expenses up to $5,800 for self-only coverage or $11,600 for family coverage.

 

	2008	2009
Contribution Limit - Individual	$2,900	$3,000
Contribution Limit - Family	$5,800	$5,950

 

	Minimum Annual Deductible for 2009	Maximum Out-of-Pocket Expenses for 2009*
Individual	$1,150	$5,800
Family	$2,300	$11,600

*: includes deductibles, co-payments, etc., but not premiums.

Catch-up Contributions

Individuals age 55 and older, who are covered by an HDHP, can make additional catch-up contributions each year until he/she enrolls in Medicare. The additional catch-up contributions allowed are as follows:

Year	Amount
2009	$1000
2008	$900