Health Savings Account Limits For 2010
Many Americans have switched over to a Health Savings Account. This would be a great time of the year to assess what you actually spent in your Health Savings Account in 2009, and assess your investment strategy of your Health Savings Account for 2010 (that is if you have over $2,000 balance in your account). Since Health Savings Accounts are not use or lose, this will become an important asset in the financial picture for families that have a Health Savings Account.
High Deductible Health Plan (HDHP). For HSA purposes, the minimum annual deductible of an HDHP increases to $1,200 ($2,400 for family coverage) and the maximum annual deductible and other out-of-pocket expenses limit increases to $5,950 ($11,900 for family coverage).
Limits on contributions. The maximum HSA contribution increases to $3,050 ($6,150 for family coverage). (Source www.irs.gov)
Check out these articles – Do we need this type of Health Care reform?, Health Insurance- Where are we headed?, Long Term Care Insurance, Is a Health Savings Account the best medical plan option for you?, Health Insurance by Arthur Benz
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