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What are the “catch-up” contributions for individuals 55 or older?

April 26, 2017catch-up contributions individuals Older

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What are the “catch-up” contributions for individuals 55 or older?

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For individuals (and their spouses covered under the HDHP) between the ages of 55 and 65, the catch-up amount is $600 (2005). The amount will increase in $100 increments until it reaches $1,000 in calendar year 2009.