Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Did the contribution amounts for health savings accounts (HSA) change for 2007?

April 26, 2017amounts contribution Health HSA savings accounts

0

Posted

Did the contribution amounts for health savings accounts (HSA) change for 2007?

1 Answer

0

Posted

HSA contributions are no longer limited to the annual deductible of a high-deductible health plan (HDHP). Contributions are limited only by the statutory maximums of $2,850/individual and $5,650/family. Example: Bob (under age 55) is enrolled from January 1, 2007 to December 31, 2007 in an HDHP with a $1,200 deductible. Bob can contribute $2,850 in 2007.