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2011 HSA Contribution Limits to Remain Unchanged

The IRS has announced that the 2011 limits for health savings accounts (HSAs) and for high-deductible health plans (HDHPs) will remain unchanged from 2010.

For 2011, the contribution limit for an individual with self-only coverage under a qualifying high deductible health plan will remain at $3,050. For an individual with family coverage, the limit remains $6,150.

A qualifying high deductible health plan, for 2011, is defined as a health plan with an annual deductible greater than or equal to $1,200 for self-only coverage or $2,400 for family coverage. The limit on annual out-of-pocket expenses is $5,950 for self-only coverage or $11,900 for family coverage.

The current limits and corresponding 2011 limits for self-only and family coverages are compared in the chart below.

 

The IRS release can be viewed at http://www.irs.gov/pub/irs-drop/rp-10-22.pdf.