MANAGED CARE June 2009. ©MediMedia USA
With nearly 8 million Americans covered by health savings accounts (HSAs) with high deductible health plans (HDHPs), the Internal Revenue Service (IRS) announced various inflation-adjusted amounts for 2010 contributions.
The maximum annual HSA contribution for individuals is $3,050 (up $50 from 2009). Family coverage is now set at $6,150 (up $200 from 2009). The minimum HDHP deductible allowed for individuals has been increased to $1,200 (up $50 from 2009), and for a family, the deductible has been raised from $2,300 to $2,400. There is still no maximum HDHP deductible for individuals and families.
Enrollment in these types of plans has been increasing steadily since 2005. According to a recent report of HSA/HDHP enrollment issued by America’s Health Insurance Plans, most of the growth in HSA/HDHP coverage from 2008 to 2009 was in the large-group market (a group health plan maintained by an employer with 1,000 or more employees), where 3.7 million (up 1 million) now have HSA/HDHP coverage.