The IRS recently provided the inflation-adjusted contribution limits for health savings accounts (HSAs) for 2010. HSAs allow taxpayers with high-deductible health insurance plans to set aside pretax dollars that can be withdrawn tax-free to pay unreimbursed medical expenses.
The 2010 contribution limit for individuals is $3,050; the limit for family coverage is $6,150. A catch-up contribution of an additional $1,000 is permitted for individuals who are 55 or older.
