The Treasury Department and IRS issued new guidance on the maximum contribution levels for HSA's and out-of-pocket spending limits as well as minimum deductibles for High Deductible Health Plans (HDHP’s) that must be used in conjunction with HSA’s. These amounts have been indexed for cost-of-living adjustments for 2010.

The new 2010 levels are as follows:

New Maximum Annual Contribution Levels for HSA’s:

For 2010, the maximum annual HSA contribution for an eligible individual with self-only coverage is $3,050.

For family coverage the maximum annual HSA contribution is $6,150.

Catch up contributions for individuals who are 55 or older is $1,000.

New Maximum Amounts for Out-of-Pocket Spending on HSA-Compatible HDHP’s:

The maximum annual out-of-pocket amount for HDHP self-coverage increases to $5,950  

The maximum annual out-of-pocket amount for HDHP family coverage is twice that, $11,900.

Minimum Deductible Amounts for HSA-Compatible HDHP’s:

For 2010, the minimum deductible for HDHP increases to $1,200 for self-only coverage and $2,400 for family coverage.

Click Here for a handy chart showing these NEW amounts for 2010  

Please note: If your current plan design does not meet these IRS requirements, you will need to adhere to these maximum out-of-pocket and the minimum deductible amounts upon the 2010 renewal date of your plan. For those plans with an off calendar renewal date; you must adjust your plan if needed upon your renewal date.