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 |
