For 2008, the contribution limit for an individual with self-only coverage under a qualifying high deductible health plan is $2,900. For an individual with family coverage, the limit is $5,800.
A qualifying high deductible health plan, for 2008, is defined as a health plan with an annual deductible greater than or equal to $1,100 for self-only coverage, or $2,200 for family coverage (unchanged from 2007). The limit on annual out-of-pocket expenses is $5,600 for self-only coverage, or $11,200 for family coverage.
The current limits and corresponding 2007 limits for self-only and family coverages are compared in the chart below.
|Self-only coverage minimum deductible||$1,100||$1,100|
|Self-only coverage maximum out of pocket||$5,500||$5,600|
|Self-only coverage maximum HSA contribution||$2,850||$2,900|
|Family coverage minimum deductible||$2,200||$2,200|
|Family coverage maximum out of pocket||$11,000||$11,000|
|Family coverage maximum HSA contribution||$5,650||$5,800|
|Catch-Up Contributions (age 55 or older)||$800||$900|