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IRS Guidelines
The Internal Revenue Service (IRS) determines the requirements for an HSA-compatible health plan, which includes the minimum deductible amount and the maximum out-of-pocket amount. The IRS also determines the maximum amount that can be contributed to the HSA in a calendar year. The IRS reviews these requirements on an annual basis and adjusts them as needed.
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IRS Requirements for 2008
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Single Plan
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Family Plan
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Minimum Deductible
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$1,100
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$2,200
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Maximum Out-of-Pocket
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$5,600
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$11,200
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Contribution Limit
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$2,900
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$5,800
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Catch-Up Contribution (55 or older)*
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$900
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$900
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* If a spouse is also 55 or older, a second HSA must be established and a second contribution of $900 could be made to that account.
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IRS Requirements for 2009
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Single Plan
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Family Plan
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Minimum Deductible
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$1,150
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$2,300
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Maximum Out-of-Pocket
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$5,800
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$11,600
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Contribution Limit
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$3,000
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$5,950
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Catch-Up Contribution (55 or older)*
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$1,000
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$1,000
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* If a spouse is also 55 or older, a second HSA must be established and a second contribution of $1,000 could be made to that account.
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