Thursday, March 26, 2009

HSA Tip

If you no longer have a qualified medical plan. Don’t close your account! Continue to spend the money until gone. You still receive the benefits tax-free when paying for a qualified medical expense.

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2009 HSA Contribution Limits:

2009 HSA Contribution Limits:

Individual: $3,000

Family: $5,950

Catch-up for those age 55 and older: An additional $1,000

Participants MUST own a qualified health plan before they may contribute.

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