The IRS has released the 2010 dollar limits and requirements for Health Savings Accounts. The 2010 contribution limits are:
$3,050 for single plans; and
$6,150 for family plans.
You have to have a "high deductible" plan to qualify to make an HSA contribution. That is a plan with an annual deductible of at least $1,200 for single plans and $2,400 for family coverage. The plans can't have annual out-of-pocket expenses (besides premiums) in excess of $5,950 for single coverage and $11,900 for family coverage.
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NOTE: This website / blog summarizes tax and legal information for informational purposes only. The application of this information to a specific situation may involve more complex analysis, or the consideration of other provisions or information.
The information contained herein should not be construed as legal advise as it has been condensed from, and constitutes a general summary of, legislation, administrative rulings, cases, and other information. The information is not a substitute for the advice of an attorney or accountant.