Tag Archives: Hsa

2011 HSA Limits

2011 HSA Limits

The IRS has stated that they are not changing the limits for HSA’s from 2010 for 2011.

Minimum
Deductible
Maximum
Out-of-Pocket
Contribution Limit
55+ Contribution
Single
$1,200
$5,950
$3,050
$1,000
Family
$2,400
$11,900
$6,150
$1,000

HSA Bank

2010 HSA Limits

2010 HSA Limits

The HSA limits for 2010 are as follows:

Minimum
Deductible
Maximum
Out-of-Pocket
Contribution Limit
55+ Contribution
Single
$1,200
$5,950
$3,050
$1,000
Family
$2,400
$11,900
$6,150
$1,000

HSA Bank

Qualified Medical Expenses

Qualified Medical Expenses:

Starting January 1, 2011 you will no longer be able to pay for over-the-counter medications from your HSA as a qualified medical expense. Until the end of this year, you can reimburse yourself or pay from your HSA the money used to buy over-the counter medications. The new law removes over-the-counter drugs not prescribed by a physician from being paid from an HSA, FSA, or HRA on a tax-free basis.