2009 HDHP and HSA Regulatory Limits Released

October 29, 2008

Deductibles and Catch-Up contributions increased.

The 2009 regulatory limits have been released for High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA). Minimum Deductible: Individual/$1,150, Family/ $2,300, Maximum Out-of Pocket: Individual/$5,800, Family/$11,600. Maximum HSA contribution: Individual/$3,000, Family/$5,950. Individuals 55 and over can contribute an additional $1,000 to their HSA.

Health Savings Accounts are a relatively new healthcare program. They pair a high deductible health insurance plan with a health savings account to cover medical expenses until the deductible is reached. HSA's represent a breakthrough strategy that can lower healthcare costs today and increase retirement savings for future healthcare needs. Money placed into an HSA can be withdrawn at any time, before as well as after retirement, if the money is used for medical expenses. Money not spent in one year may roll over to the next and even beyond age 65.

For more information on how a High Deductible Health Plan may benefit you and your employees, call NEEBCo at (603) 228-1133.

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