2009 Health Savings Account Plans: This article announces the new & improved 2009 annual contribution allowances for Health Savings Account insurance plans. Please refer my other article (s) that explains in far greater detail about the many specific benefits of HSA Health Savings Plans. Firstly, if you are still considering an HSA medical plan, you are on the right track. Wth a Health Savings Account plan, you’ll save significant amounts of money annually on taxes, health insurance premiums, & retirement savings all at the same time. And this can be accomplished without decreasing your real insurance protection or choices of doctors & specialists. Exercising your financial wisdom and becoming informed is a great decision on your part. ? For 2009, the maximum annual HSA contributions for an eligible individual with self-only coverage is $3,000. ( employment law services Get more info on our recommended Health Savings Administrators) ? For family health coverage, the maximum annual HSA contributions is $5,950. ? Catch up contribution for individuals who are 55 years or older has been increased by law to $1,000 for 2009 & all years thereafter. ? Individuals who are eligible (meaning they have an HSA qualified high deductible insurance plan or HDHP) on the first day of the last month of the taxable year (December for most taxpayers) are allowed the full annual contribution (plus catch up contributions, if 55 years of age or older by year end), regardless of the number of months the individual was eligible during the year. For individuals who are no longer eligible on that date, both the maximum HSA contributions and catch up contribution are pro-rated based on the number of months of the year that the taxpayer was eligible.