Association Benefits Corporation

... developing solutions for associations & chambers.

We provide insurance products to small businesses in Washington State.

Check Out Our NEW PROGRAMS

Mail Order RX  -  Pet Med Discount Program  -  ID Theft Assist Program

These new programs offer substantial discounts compared to other similar services.  Check out the information below and visit the Health Matters International website for more information or to place an order.
IRS Notices
IRS Releases 2010 Adjusted HSA Amounts Print E-mail

Eligible individuals with self-only coverage under a high deductible health plan (HDHP) may contribute an annual maximum of $3,050 to their Health Savings Account (HSA) for 2010.  Eligible individuals with family coverage (coverage for two or more individuals) under a HDHP may contribute up to $6,150 to their HSA.  Individual age 55 or older who are not enrolled in Medicare may contribute an additional $1,000 to the account, the same "catch-up" amount as in 2009.

 

To be considered qualified for an HSA, the HDHP must meet certain IRS regulations.  For 2010, to qualify as a HDHP:

 

  • The minimum deductible amount must be $1,200 for self only coverage and $2,400 for family coverage; increased from 2009 requirements.

 

  • The out-of-pocket maximum must be no hgher than $5,950 for individual or $11,900 for family coverage; increased from 2009 requirements.

 

  • The HDHP must be setup with a combined medical / pharmacy deductible.  This deductible must apply to the out-of-pocket maximum; no change from 2009 requirements.

 

  • All medical and pharmacy services must be subject to deductible and out-of-pocket maximum except for preventive services.

 

 
Last Updated on Tuesday, 22 September 2009 00:14
 


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