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Quoted in NAPFA Advisor magazine regarding Health Savings Accounts

Thursday, January 05, 2012

The November, 2011 issue of NAPFA Advisor magazine contains an article titled Understanding Health Savings Accounts.  I was honored to be a featured source for the article, as NAPFA Advisor is the official magazine of the National Association of Personal Financial Advisors, and is highly regarded in the world of fee-only financial advice.  Check it out!

Tags: napfa, hsa

Health Savings Accounts

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HSA Contribution limits for 2011

Sunday, November 21, 2010

It comes as little surprise that the contribution limits for Health Savings Accounts in 2011 have not changed from 2010. A summary of the limits is included in the below table.

 

2011 IRS Limits

Single
Family
Minimum Deductible $1,200 $2,400
Maximum Out-of-pocket $5,950 $11,900
Maximum Contribution Limit $3,050 $6,150
Catch-up Contribution (55+) $1,000 $1,000

 

 

Source: IRS - http://www.irs.gov/formspubs/article/0,,id=207296,00.html

Tags: hsa, health savings accounts, contribution limits

Health Savings Accounts

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Health Savings Account contribution limits for 2010

Monday, September 28, 2009

The 2010 contribution and deductible limits for Health Savings Accounts (HSAs) are outlined in the below table.  For 2010, single insureds can contribute up to $3,050 to their HSAs, and those with families can contribute $6,150.  The High-deductible health plans associated with the HSAs must require a minimum deductible of $1,200 and $2,400, respectively, with a maximum out-of-pocket expenditure of $5,950 and $11,900.

  Single   Family
Maximum Contribution limits 2009 2010   2009 2010
Contributions $  3,000 $  3,050   $    5,950 $  6,150
Catch-up contribution $  1,000 $  1,000   $    1,000 $  1,000
           
Deductible limits for HDHPs          
Minimum Deductible $  1,150 $  1,200   $    2,300 $  2,400
Maximum out-of-pocket $  5,800 $  5,950   $  11,600 $  11,900

Tags: hsa, health savings accounts

Health Savings Accounts

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