New Annual Contribution Levels for HSAs

• The maximum annual HSA contribution for an eligible individual with self-only coverage is $3,000.
• For family coverage, the maximum annual HSA contribution is $5,950.
• Catch up contribution for individuals who are 55 or older is increased to $1,000 for 2009 and all years going forward.
• Individuals who are eligible individuals on the first day of the last month of the taxable year (December for most taxpayers) are allowed the full annual contribution (plus catch up contribution, if 55 or older by year end), regardless of the number of months the individual was an eligible individual in the year. For individuals who are no longer eligible individuals on that date, both the HSA contribution and catch up contribution apply pro rata based on the number of months of the year a taxpayer is an eligible individual.

New Amounts for Out-of-Pocket Spending on HSA-Compatible HDHPs

• The maximum annual out-of-pocket amount for HDHP self-coverage increases to $5,800. The maximum annual out-of-pocket amount for HDHP family coverage is twice that at $11,600.

Minimum Deductible Amounts for HSA-Compatible HDHPs

• The minimum deductible for HDHPs increases to $1,150 for self-only coverage and $2,300 for family coverage.