Treasury Sets New limits for HSA's

Info for Health Savings Accounts

The new guidance from the Treasury Department and Internal Revenue Service has issued the 2006 contribution levels, along with deductible and out-of-pocket maximums for all high-deductible health plans that are compliant and used with a HSA account.

• Individuals (self-only coverage)

• Minimum deductible increases from $1,000 to $1,050.
• Maximum contribution increases from $2,650 to $2,700.
• Out-of-pocket maximum increases from $5,100 to $5,250.

• Families

• Minimum deductible increases from $2,000 to $2,100.
• Maximum contribution increases from $5,250 to $5,450.
• Out-of-pocket maximum increases from $5,100 to $5,250.

These new changes will allow more health savings account users the ability to invest more of their money into their Health Savings Accounts and if you are interested in learning more about features of these plans and what price quote is available in your area.