Health Savings Account Medical Plans 2009 Contribution Limits, Tax Savings, and More

Written by admin on December 7th, 2010

2009 Health Savings Account Plans:  This article announces the new & improved 2009 annual contribution allowances for Health Savings Account insurance plans.  Please refer my other article (s) that explains in far greater detail about the many specific benefits of HSA Health Savings Plans.

Firstly, if you are still considering an HSA medical plan, you are on the right track.  Wth a Health Savings Account plan, you’ll save significant amounts of money annually on taxes, health insurance premiums, & retirement savings all at the same time. And this can be accomplished without decreasing your real insurance protection or choices of doctors & specialists.  Exercising your financial wisdom and becoming informed is a great decision on your part.

• For 2009, the maximum annual HSA contributions for an eligible individual with self-only coverage is ,000.  (Get more info on our recommended Health Savings Administrators)

• For family health coverage, the maximum annual HSA contributions is ,950.

• Catch up contribution for individuals who are 55 years or older has been increased by law to ,000 for 2009 & all years thereafter.

• Individuals who are eligible (meaning they have an HSA qualified high deductible insurance plan or HDHP) 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 contributions, if 55 years of age or older by year end), regardless of the number of months the individual was eligible during the year. For individuals who are no longer eligible on that date, both the maximum HSA contributions and catch up contribution are pro-rated based on the number of months of the year that the taxpayer was eligible.

New Amounts for out-of-pocket spending on HSA-Compatible (HDHP) high deductible health insurance plans:

• For 2009, the maximum annual out-of-pocket amounts for HDHP self-coverage increases to ,800 and the maximum annual out-of-pocket amount for HDHP family coverage is twice that, ,600.

Minimum Deductible Amounts for HSA-Compatible HDHPs:

• For 2009, the minimum deductible for HDHPs increases to ,150 for self-only coverage and ,300 for family coverage.

Additionally, a fiscal year plan that satisfies the requirements for a high deductible health insurance plan on the first day of the first month of its fiscal year may apply that deductible for the entire fiscal year. Please contact us for no cost advice & expert assistance. See our contact information below in the “about the author” section.

Regardless of income level, if you are paying for health insurance, you owe it to yourself to carefully consider the benefits of an HSA health savings plan versus the traditional health plan you are probably used to.  The expert advisers at are on a mission because millions of folks and their families are not yet receiving tremendous financial benefits that are so readily attainable TODAY.   We are thrilled as the benefits of health savings plans can literally transform the financial portfolio of people like YOU.

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