• feed
    Subscribe
    to this Category Feed
  • Health Savings Accounts – HSA Changes for 2011

    No Change In Contribution Amounts from 2010   

    What Is changing effective January 1, 2011?

    • Over-the-counter medicines and drugs will no longer be considered a qualified medical expense.
    • The penalty for using HSA funds for other than a qualified medical expense increases from 10% to 20%.
     

    HSA Maximum Amounts

      2007 2008 2009 2010 2011
    Minimum Deductible Amount
    -Individual $1,100 $1,100 $1,150 $1,200 $1,200
    -Family $2,200 $2,200 $2,300 $2,400 $2,400
    Maximum Out-Of-Pocket Amount
    -Individual $5,500 $5,600 $5,800 $5,950 $5,950
    -Family $11,000 $11,200 $11,600 $11,900 $11,900
    HSA Statutory Contribution Maximum
    -Individual $2,850 $2,900 $3,000 $3,050 $3,050
    -Family $5,650 $5,800 $5,950 $6,150 $6,150
               
    Catch-Up Contributions (For individuals 55 or older until enrolled in Medicare)  $800  $900  $1,000  $1,000  $1,000

    Leave a Reply