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Account holders age 55 and older may contribute an additional $1,000 per year in 2010 and in 2011. You may log into your account and make a contribution by transferring funds from another account. Or you may download a form and mail your contribution.
Account holders should consult a tax advisor for more information and/or advice on their specific circumstances.
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2011 Guidelines Announced
The Internal Revenue Service has issued guidance that for 2010 and 2011, annual HSA contributions are tax deductible up to:
- $3,050 for single coverage
- $6,150 for family coverage
An HSA Works with An HSA-Eligible Health Plan
For 2010 and 2011, IRS guidance for an HSA-eligible health plan is as follows:
- Minimum annual deductible: $1,200 for single coverage. $2,400 for family coverage
- Out-of-pocket maximum: No more than $5,950 for individual coverage, no more than $11,900 for family coverage
Note: For contribution limits, out-of-pocket expenses and deductibles, the IRS guidance did not change from 2010 to 2011.
For detailed information on eligible and ineligible expenses, download the PDF document.
 Eligible/Ineligible Expenses
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