The changes, which vary depending upon whether the individual has self only or self and family HDHP coverage, are as follows:
2006 | 2007 | |
---|---|---|
HSA contribution max. (self only) | $2,700 | $2,850 |
HSA contribution max. (family) | $5,450 | $5,650 |
HDHP Out-of-pocket expense max (self only) | $5,250 | $5,500 |
HDHP Out-of-pocket expense max (family) | $10,500 | $11,000 |
Minimum HDHP deductible (self only) | $1,050 | $1,100 |
HDHP Minimum deductible (family) | $2,100 | $2,200 |
The IRS explains that individuals 55 and older who are covered by an HDHP can make additional catch-up contributions each year until they enroll in Medicare. The additional “catch-up” contributions to HSA allowed for 2006 is $700 and for 2007 it will be $800.
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