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#1466151 - 11/09/10 09:02 PM 2011 HSA Contribution Limits
ComplianceGurl, CRCM Offline
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Joined: Jul 2007
Posts: 498
Does anyone know what the 2011 contribution limits are for Health Savings Accounts? I have searched the IRS website and could not find anything for 2011.
Thanks in advance!

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#1466161 - 11/09/10 09:11 PM Re: 2011 HSA Contribution Limits ComplianceGurl, CRCM
GoGreen Offline
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Joined: Dec 2007
Posts: 288
PA
The Internal Revenue Service just released the 2011 cost-of-living-adjusted HSA limits.

HSA contribution limits along with high-deductible health plan (HDHP) deductibles and out-of-pocket maximums will stay the same as 2010:

The annual HSA contribution limit for employee-only coverage will remain $3,050 ($6,150 for family coverage).
The minimum deductible for employee-only HDHP coverage will remain $1,200 ($2,400 for family coverage)
The limit on maximum out-of-pocket expenses (including deductibles, co-pays and co-insurance but not premiums) for employee-only coverage will remain $5,950 ($11,900 for family coverage).
The catch-up contribution limit (for individuals who are 55 or older) will remain $1,000.
One change that will occur in 2011: The 10% penalty on taxable, non-medical distributions will increase to 20%.

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#1466164 - 11/09/10 09:13 PM Re: 2011 HSA Contribution Limits GoGreen
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 498
Thanks GoGreen for such a quick response!!

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#1466180 - 11/09/10 09:27 PM Re: 2011 HSA Contribution Limits GoGreen
A_G Offline
10K Club
Joined: Jul 2004
Posts: 18,958
Where did you find the info. on the penalty increase?

This is all I could find from the IRS and I did not see it in there.
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