The Internal Revenue Service has announced the 2008 cost of living adjustments (COLAs) for high deductible health plans (HDHPs) that are offered in conjunction with health savings accounts (HSAs).
The minimum required annual deductibles for HDHPs will remain unchanged in 2008. However, the annual contribution limits and the maximum out-of-pocket limits will be raised. For self-only coverage, the maximum out-of-pocket for 2008 will be $5,600 and the maximum annual contribution limit will be $2,900. For family coverage, the maximum out-of-pocket for 2008 will be $11,200 and the maximum annual contribution limit will be $5,800.
