Total Articles: 5
HSA Contribution Limit Remains Unchanged for 2011.
The IRS has announced that the 2011 inflation adjusted amounts for Health Savings Accounts (HSAs) will remain unchanged from the 2010 amounts because after the application of the cost-of-living adjustment rules, the changes in the Consumer Price Index for the relevant period do not result in changes to the amounts for 2011.
2010 HSA Contribution Limits and HDHP Deductibles and Out-of-Pocket Maximums Released.
The IRS has released the 2010 cost-of-living adjustments for Health Savings Account (HSA) contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums.
IRS Provides Guidance On HSA Contributions.
The IRS recently issued two notices affecting Health Savings Accounts (HSAs): Notice 2008-51 provides procedures for carrying out a qualified HSA funding distribution from certain types of IRA accounts; Notice 2008-52 replaces the old HSA maximum contribution limit rules with new rules.
IRS Announces Increases in HSA Contributions for 2009.
The Internal Revenue Service (IRS) has announced that the maximum contributions that can be made to Health Savings Accounts (HSAs) will increase for 2009. According to a statement released by the IRS on May 14, 2008, the maximum contributions for 2009 will be as follows:
IRS Issues Final Regulations on Comparable Contributions to HSAs.
The Internal Revenue Service (IRS) has issued final regulations providing guidance on employer comparable contributions to Health Savings Accounts (HSAs) under § 4980G, where an employee has not established an HSA by December 31st, and where an employer accelerates contributions for the calendar year for employees who have incurred qualified medical expenses. The new regulations address issues that were not addressed in prior regulations. The regulations apply to employer contributions made for calendar years beginning on or after January 1, 2009.
