What are the contribution limits for the HSA (Health Savings Account)?
A. The annual contribution limits, adjusted each year for inflation are different for single and family policies. Eligibility is generally determined on a monthly basis as of the first day of each month. Under this rule, the monthly contribution limit is 1/12th of the annual contribution limit. Please see the chart below for details: 20102011SingleFamilySingleFamilyAnnual HSA contribution limit$3,050$6,150$3,050$6,150Monthly HSA contribution limit$254.16$512.50$254.16$512.50Catch-up contribution limit*$1,000$1,000$1,000$1,000Example: Joe has single coverage under an HDHP for the first ten months of 2010, and then loses coverage due to a change in jobs. His contribution limit for each month is $254.16 (1/12th of $3,050) and his contribution limit for 2010 is $2,541.60 * The “catch-up contribution” is an additional amount that can be contributed by an eligible individual who will attain age 55 before the end of the year for which contributions are being made. The annual amount limit show
