The Internal Revenue Service recently released the inflation-adjusted minimums and maximums for Health Savings Accounts (HSAs) and High-Deductible Health Plans (HDHPs) for 2011.

A new Checkup includes a chart noting the numbers for 2011, which are the same as for 2010. AMS can help plan sponsors that are considering offering HSAs:  
Small Business (2-50 Employees)  HSA and Other plan quotes

• Create the "right" strategy for their participant populations

• Determine whether HSAs would be a "good fit" for their participants' needs

• Identify the impact that implementing an HSA option with an HDHP would have on existing benefits

• Decide between an HSA/HDHP plan and a design that includes Health Reimbursement Arrangements (HRAs)

• The chart below notes the numbers for 2011, which are all the same as for 2010.

2011 Minimums and Maximums for HSAs* and HDHPs (All the Same as for 2010)
2011 Minimums and Maximums for HSAs* and HDHPs (All the Same as for 2010)


Maximum Annual                                 Individual Coverage     Family Coverage



HSA Contribution**                             $3,050                         $6,150

Minimum HDHP Deductible                  $1,209                         $2,400

Maximum HDHP Deductible                 None                           None

Maximum HDHP

Out-of-Pocket Expense***                  $5,950                         $11,900

*

HSAs, established by the Medicare Modernization Act (MMA) as of January 1, 2004, allow individuals or employers to contribute to an HSA as long as the individual is covered under an HDHP. (For more information about HSAs, refer to various publications available on Sibson Consulting's Web site.)

**

As in 2009 and 2010, individuals age 55 or over can contribute an additional $1,000 to their HSAs in 2011 and subsequent years.

***

The out-of-pocket expense does not include premiums.