2009 HSA Guidelines

The Treasury Department and IRS recently issued new guidelines on the maximum and catch-up
contribution levels for Health Savings Accounts (HSAs) and the minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs).

Feature
Individual minimum deductible - $ 1,150
Individual maximum out of pocket - $ 5,800
Individual maximum contribution - $ 3,000
Family minimum deductible - $ 2,300
Family maximum out of pocket - $11,600
Family maximum contribution - $ 5,950
Catch-up contribution (ages 55 and over) - $ 1000

What Benefits can my customers have with an HSA?

-With a Health Savings Account you have the power to decide where you spend your health care dollars.

-Broader range of health care service. Access funds to pay health expenses not typically paid by health plans, on a tax-free basis.

-Tax advantages. Contributions are tax deductible, qualified withdrawals are tax-free, and earnings are tax deferred.

-Retirement income supplement. At age 65, accumulated funds including interest can be withdrawn for non-qualified expenses without tax penalties.