IRS increases HSA caps for 2009

WASHINGTON The Internal Revenue Service announced Tuesday that it would increase the amount of money that can be put into health savings accounts starting next year to keep up with inflation, as well as increasing minimum deductibles and the maximum amounts that employers can make employees contribute to HSAs.

Employees’ HSAs will be able to take contributions of up to $3,000, a $100 increase from this year. For family accounts, the number will increase by $150 to $5,950.

Maximum out-of-pocket expenses will increase by $200 to $5,800 for individuals and by $400 to $11,600 for families. Minimum deductibles will increase by $50 to $1,150 for individuals and by $100 to $2,300 for families.