Health Savings Account, HSA, 2010 Guidlines for Health Insurance

February 12th, 2010

HSA 2010 Contribution Limits and Required Deductibles For Health Insurance

The IRS has released the 2010 cost-of-living adjustments for Health Savings
Account (HSA) contribution limits and for High Deductible Health Plan
(HDHP) deductibles and out-of-pocket maximums.

HSA Contribution Limits
• Self-only: $3,050 (up from $3,000 for 2009)
• Family Coverage: $6,150 (up from $5,950 for 2009)

HDHP Deductibles and Out-of-Pocket Maximums Self-only
• annual deductible: not less than $1,200 (up from $1,150 for 2009)
• out-of-pocket expenses: not more than $5,950 (up from $5,800 for 2009)

Family Coverage
• annual deductible: not less than $2,400 (up from $2,300 for 2009)
• out-of-pocket expenses: not more than $11,900 (up from $11,600 for 2009)

The annual catch-up contribution limit (for HSA-eligible individuals who are
age 55 or older), set by statute, remains at $1,000 for 2010.

If you have any questions regarding HSAs or HDHPs or other employee
benefits related questions, please contact any member of BCT Benefits LLC
@ 717-657-3200

BCT Benefits 1st Blog post

February 1st, 2010

Hello and thank you for stopping in to our blog. Our intentions are to provide up to date information in the insurance industry for group, self-employed, individual and family insurance products and services.

My name is Shawn Martin and I am a Boomer as defined by age, married with 2 daughters just recently graduated from college. I will be posting updates on insurance trends and very specific topics and resources for your review. Also since I have a bit of experience in technology in a past life ( ck out my Linkedin profile, link on my website, www.bctbenefits.com), I will be sharing ideas and technology tools that may be of value to you personally and for your business.

Guest articles will provided by industry professionals and others who may fit the nature of this blog.

Guests such as Mark Everest, President and CEO of “Occupational Athletics” and Sam Bishop, President and Founder of Connected Web Solutions who has helped with my website and other web related issues like SEO, Search Engine Optimization techniques and social media implementation.

Big news in the Central PA area is United Health Care has added Hershey Medical Hospital and Doctors to their network of providers. This helps the area with another major competitor for your group and individual health insurance options. COMPETITION–the more options you have the better.

So long for now, be back at you soon with information of the 2010 HSA guidelines.

Also we will be having some fun with healthy and not so healthy recipes.

We will also be posting articles on Health Care reform to help keep you up to date on this critical issue.

Thanks for stopping in–our search for pertinent information for this blog has begun in earnest. We anticipate updating a least once a week maybe more.

thanks again
Shawn Martin