IRS Releases 2009 Adjusted HSA Amounts
IRS Releases 2009 Adjusted HSA Amounts
Eligible individuals with self-only coverage under a high-deductible health plan (HDHP) may contribute an annual maximum of $3,000 to their Health Savings Account (HSA) for 2009. Eligible individuals with family coverage (coverage for two or more individuals) under a HDHP may contribute up to $5,950 to their HSA. Individuals age 55 or older who are not enrolled in Medicare may contribute more to the account per year. In 2009, an additional $1,000 contribution will be allowed. In 2008, the catch-up contribution was $900.
To be considered qualified for an HSA, the HDHP must meet certain IRS regulations. For 2009, to qualify as a HDHP:
The minimum deductible amount must be $1,150 for self-only coverage and $2,300 for family coverage; increased from 2008 requirements.
The out-of-pocket maximum must be no higher than $5,800 for individual or $11,600 for family coverage; increased from 2008 requirements.
The HDHP must be set up with a combined medical/pharmacy deductible. This deductible must apply to the out-of-pocket maximum; no change from 2008 requirements.
All medical and pharmacy services must be subject to deductible and out-of-pocket maximum except for preventive services.
Contact Grouphealthflorida.com for accurate current Health Savings Account information 1-800-873-5713 Ext 101 .
To learn more about Florida group health insurance, Tampa group health insurance, Sarasota group health insurance, Miami group health insurance, or Orlando group health insurance, visit Grouphealthflorida.com or call 1-800-873-5713.
