The IRS has released the 2008 inflation adjusted items for Health Savings Accounts (HSAs)
The maximum annual contribution limits for the calendar year 2008, are $2,900 for an individual with self-only coverage under a high deductible health plan (HDHP) and $5,800 for an individual with family coverage under a HDHP.
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Maximum Contribution Limits for 2008
|
|
Individual
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$2,900
|
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Family
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$5,800
|
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Maximum Contribution Limits for 2007
|
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Individual
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$2,850
|
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Family
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$5,650
|
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Maximum Contribution Limits for 2006
|
|
Individual
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$2,700
|
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Family
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$5,450
|
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Maximum Contribution Limits for 2005
|
|
Individual
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$2,650
|
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Family
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$5,250
|
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Maximum Contribution Limits for 2004
|
|
Individual
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$2,600
|
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Family
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$5,150
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High deductible health plan. For the calendar year 2008, a high deductible health plan is a health plan with an annual deductible that is not less than $1,100 for self-only coverage or $2,200 for family coverage and the annual out-of-pocket expenses do not exceed $5,600 for self-only coverage or $11,200 for family coverage.
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Minimum Deductible for 2008
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Maximum Out-of-Pocket for 2008 |
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Individual
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$1,100
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Individual
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$5,650
|
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Family
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$2,200
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Family
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$11,200
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| Minimum Deductible for 2007 |
Maximum Out-of-Pocket for 2007 |
|
Individual
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$1,100
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Individual
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$5,500
|
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Family
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$2,200
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Family
|
$11,000
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| Minimum Deductible for 2006 |
Maximum Out-of-Pocket for 2006 |
|
Individual
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$1,050
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Individual
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$5,250
|
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Family
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$2,100
|
Family
|
$10,500
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| Minimum Deductible for 2005 |
Maximum Out-of-Pocket for 2005 |
|
Individual
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$1,000
|
Individual
|
$5,100
|
|
Family
|
$2,000
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Family
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$10,200
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| Minimum Deductible for 2004 |
Maximum Out-of-Pocket for 2004 |
|
Individual
|
$1,000
|
Individual
|
$5,000
|
|
Family
|
$2,000
|
Family
|
$10,000
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For a full copy of the text, click on the link below.
http://www.irs.gov/pub/irs-drop/rp-07-36.pdf
