The IRS has announced changes to health savings accounts contribution limits for 2011. Due to a cost of living, contribution limits will remain as they are in 2010.<\/p>\n
According to a census of insurance firms that America’s Health Insurance Plans released last month, more than 10 million U.S. residents are covered by health savings accounts (HSAs). These plans allow individuals to contribute thousands of pre-tax dollars to HSAs, which participants may spend on health care needs or roll over indefinitely. HSA accounts were initially chosen by consumers who might otherwise go without insurance because of its high cost or their good health, but the recent rise has been fueled by more companies and their employees opting for the plans. Choosing these plans does shift the risk onto the patient but offers less-expensive premiums than traditional coverage.<\/p>\n
Recently, the IRS released the 2011 cost-of -living adjusted HSA contribution limits. Individuals must have a high (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The IRS has announced changes to health savings accounts contribution limits for 2011. Due to a cost of living, contribution limits will remain as they are in 2010. According to a census of insurance firms that America’s Health Insurance Plans…<\/span><\/p>\n