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The Explosive Growth of Health Savings Accounts (HSAs)
In 2004, 438,000 individuals were covered by HSA-type insurance plans-according to the American Health Insurance Providers (AHIP).
Today, 3.2 million individuals are covered by HSA- type insurance plans according to AHIP.
The US Department of the Treasury is projecting 14 Million HSA-type insurance plans will be sold by the year 2010 based on the current laws (25-30 million people).
2008 Annual Contribution Levels for Health Savings Accounts (HSAs)
- The Maximum annual HSA contribution for an eligible individual with self-only coverage is $2,900.00
- For family coverage, the Maximum HSA contribution is $5,800.00
- Individuals age 55 and older can also make an additional "catch up" contribution. the Maximum annual "catch up" contribution is:
2008- $900
2009 and after -$1000
HDHP Maximum 2008
Deductible HSA Deposit
Single $1,100 $2,900
Coverage $1,500 $2,900
$2,000 $2,900
$2,500 $2,900
$3,000 $2,900
Family $2,200 $5,800
Coverage $3,000 $5,800
$4,000 $5,800
$5,000 $5,800
$6000 $5,800
*For additional information, please visit: Treas.gov
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