IRS Releases 2010 Adjusted HSA Amounts Eligible individuals with self-only coverage under a high-deductible health plan (HDHP) may contribute an annual maximum of $3,050 to their Health Savings Account (HSA) for 2010. Eligible individuals with family coverage (coverage for two or more individuals) under an HDHP may contribute up to $6,150 to their HSA. Individuals age 55 or older who are not enrolled in Medicare may contribute more to the account per year. To be considered qualified for an HSA, the HDHP must meet certain IRS regulations. For 2010, to qualify as an HDHP:
- The minimum deductible amount must be $1,200 for self-only coverage and $2,400 for family coverage; increased from 2009 requirements.
- The out-of-pocket maximum must be no higher than $5,950 for individual or $11,900 for family coverage; increased from 2009 requirements.
- The HDHP must be set up with a combined medical/pharmacy deductible. This deductible must apply to the out-of-pocket maximum; no change from 2009 requirements.
- All medical and pharmacy services must be subject to deductible and out-of-pocket maximum except for preventive services.
View the 2010 HSA Reference Guidelines HDHP Verifier Tool Required for Plan Compliance Because these regulations change annually, all HDHPs with an HSA for new business, new business existing accounts, and renewal groups must run their HDHP plan through the HDHP Verifier – a tool that will ensure IRS plan compliance each year. While there is no specific deadline, verification should ideally take place before the plan is sold.