Last week the IRS announced that the 2011 parameters for health savings account-compatible high deductible health plans, or HDHPs, will remain the same as the parameters for 2010. These limits are tied to changes in the Consumer Price Index, which remained flat this year. The limits for 2011 are set forth below:
The 2011 HSA Limits
| Annual HSA Contribution Maximum: | $3,050 for single coverage, $6,150 for family coverage |
| Annual Catch-Up Contribution Maximum: | $1,000 (for HSA eligible-individuals age 55 or older) |
| HDHP Minimum Deductible: | $1,200 for single coverage, $2,400 for family coverage |
| HDHP Out-of-Pocket Maximum: | $5,950 for single coverage, $11,900 for family coverage |
