(HSAs) Health Savings Plans: New 2009 Contribution Limit Increases

2009 contribution limits for health savings accounts:  Learn more about HSA health savings plans, and how to save significant amounts of money annually on taxes, health insurance premiums, & retirement savings all at the same time.  This can be achieved without decreasing your true insurance protection and choices of doctors & specialists.  And in 2009, you can contribute more than ever before which translates to even greater savings in all of these areas.

	Calendar year 2008		Calendar year 2009
	Self-only	Family	Self-only	Family
Annual HSA contribution limit	$2,900	$5,800	$3,000	$5,950
HDHP minimum deductible	$1,100	$2,200	$1,150	$2,300
HDHP out-of-pocket limit (includes deductibles, co-payments and other amounts but not premiums)	$5,600	$11,200	$5,800	$11,600

The new limits also state that eligible individuals may contribute the full annual contribution, as well as a catch-up contribution, if they are age 55 or older by the year’s end.

	Calendar year 2008	Calendar year 2009
Catch-up contribution limit	$900	$1,000

In addition, a fiscal year plan that satisfies the requirements for a high deductible health insurance plan on the first day of the first month of its fiscal year may apply that deductible for the entire fiscal year.

RE: Health Savings Account Proposed Legislation

This is ridiculous!  I’ll link this post to my blog because it brings up something people must be aware of.  They can’t create a good health care system for people and now they want to take away HSAs.  Hopefully others in Washington will be smart enough to shoot this one down.  Spread the word.

Andrew Devore, HSA Advisor for http://www.HSA-Health-Savings.com

The New Health Savings Account (HSA) Legislation is Critical!

Your post discussing this legislation is timely.  I believe these additions are fantastic amendments for health savings accounts (HSAs).   Since the prospect of having in place a high quality universal health care system in America is very questionabale (and I am not even sure if a really good system is even possible), we need to keep improving and expanding the benefits of HSAs, and the entire consumer driven health care system.  At the very least, let’s empower people to invest in themselves.  This is exactly what HSA Health Savings Plans do.  Many people are still shy switching to HSAs.  The insurers do not promote them as they could because it would take away premium profits. We must not care so much about the profits of the carriers, but more about the average person when dealing with health insurance.

Andrew Devore, HSA Advisor for http://www.HSA-Health-Savings.com

Health Savings Account 2009 Contribution Increases

I shall link your blog to my site as a resource for my clients and visitors.   Please permit me to post this info on your blog page.

Health Savings Account maximum contribution limits have gone up in 2009.

The new 2009 HSA contribution limits are:

	Calendar year 2008		Calendar year 2009
	Self-only	Family	Self-only	Family
Annual HSA contribution limit	$2,900	$5,800	$3,000	$5,950
HDHP minimum deductible	$1,100	$2,200	$1,150	$2,300
HDHP out-of-pocket limit (includes deductibles, co-payments and other amounts but not premiums)	$5,600	$11,200	$5,800	$11,600

The new limits also say that eligible individuals may contribute the whole annual contribution, as well the catch-up contribution for those ages 55-65.  Spouses may each have their own HSA accounts and make the full contributions as well as the full catch contributions.

	Calendar year 2008	Calendar year 2009
Catch-up contribution limit	$900	$1,000

Andrew Devore, HSA Advisor at http://www.HSA-Health-Savings.com

Health Savings Account Plans – New 2009 Contributions

I shall link your blog to my site as a resource for my clients and visitors.  Please also allow me to contribute this piece of information to your post.

The new 2009 HSA contribution limits are as follows:

	Calendar year 2008		Calendar year 2009
	Self-only	Family	Self-only	Family
Annual HSA contribution limit	$2,900	$5,800	$3,000	$5,950
HDHP minimum deductible	$1,100	$2,200	$1,150	$2,300
HDHP out-of-pocket limit (includes deductibles, co-payments and other amounts but not premiums)	$5,600	$11,200	$5,800	$11,600

The new limits also state that eligible individuals may contribute the enitre annual contribution, as well as a catch-up contribution, if they are age 55 or older by the year’s end. Spouses may each have their own accounts and make the full contributions as well as the full catch contributions.

	Calendar year 2008	Calendar year 2009
Catch-up contribution limit	$900	$1,000

Andrew Devore, Health Savings Account Specialist

RE: Health Insurance Kaiser $3 Per day.. Alternatively, look at a Health Savings Account

I appreciated reading all the posts and comments.  Regarding your blog post, Kaiser’s activities doesn’t surprise me.  Insurance companies are notorious for these types of things.  I ‘ll give another example of this.  Insurance companies are now required by law to offer health savings account plans (a.k.a. HSAs).  These plans have been available since January of 2004, are part of the consumer driven health care movement.  First their were flexible spending accounts (FSAs), then Medical Savings Accounts (MSAs), and finally HSAs, which are better than the former and probably the final manifestation.  But back to the POINT:  These HSA Health Savings Plans are far better for people to have rather than keep paying for the “status-quo” traditional health insurance plans, but the insurance companies really won’t really come out and say this in their literature, advertisements, or commercials.  Why?  Because it simply means less profits for them.  Premiums for these plans are often significantly less because they have higher deductibles.  HSA plans are all about people or businesses taking these premium savings and paying themselves instead.  The Internal Revenue Service (IRS) says owners of HSA Accounts may contribute money 100% tax-free.  The funds then grow tax-free, and then you can use them tax-free for a wide array of HSA Qualified Expenses.  Virtually any medical expense including over-the-counter medicine, alternative medicines and treatments, and many other expenses that your policy doesn’t even cover can be paid for tax-free.  The lower premiums combined with all of these tax benefits make HSAs in almost all cases the better way to go for any person, family, or business.  But most people still don’t “get it” and the insurance companies are not about to try too hard to educate them.  Just thought you may want to know about this.

Universal Health Care

Tim… I appeciate your thoughts about universal health care.   Many Americans for some reason still don’t fully believe in their hearts that universal health care for all is truly the way to go.  Either that is true or people just feel so unempowered to change anything.  If we can’t believe it ourselves, how are we going to get the “powers that be” to take more real action?  Since the U.S. has been a world superpower and leader for many years, we should have set an example a long time ago to the rest of the world on this issue.  There is no doubt we can afford to take care of our people.  But the greed has been too extensive.  My site is about health savings account insurance plans and HSA health savings plans which are the closest thing now to better and lower cost health insurance.  Instead of people paying the insurance companies so much premium, they are able to pay much lower premiums, and pay themselves instread into a growing medical savings account which also can be used as a general retirement account (not only for medical expenses).  It is part of what is called consumer driven health care.  These plans provide excellent 100% coverage after the deductible.  You may want to learn about them.