IRS HSA (Health Savings Accounts) Guidelines for 2009
Written by admin on January 7th, 2009 in Health Insurance.
The IRS controls HSA deductible contribution amounts
The IRS issued 2009 HSA contribution limits and minimum plans:
Contributions:
- $3,000 for self-only coverage
- $5,950 for family coverage
For Clients who are 55 and older they are allowed a catch up provision of: $1000.
Minimum High Deductible Health Plan deductibles:
- $1,150 self-only
- $2,300 family
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And, after retirement, any remaining HSA savings can be used for Medicare supplement premiums, long term care premiums, Medicare Part D premiums, or other needs with no tax penalty.
An HSA (Health Savings Account) works with a higher deductible major medical insurance plan. Learn more about HSA health insurance plans.
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