The IRS recently issued Revenue Procedure 2010-22 which announces the inflation adjusted amounts for health savings accounts ("HSAs") for calendar year 2011 as determined under Section 223 of the Internal Revenue Code. The IRS determined that the 2010 HSA limits will remain in place and will not increase in 2011.

The 2011 limits include the following:

Annual HSA contribution limits: $3,050 for self-only high-deductible health plan ("HDHP") coverage and $6,150 for family HDHP coverage.

HSA catch-up contribution limit (applicable to individuals who are 55 or older): $1,000.

HSA required minimum annual HDHP deductible: $1,200 for self-only HDHP coverage and $2,400 for family HDHP coverage.

Maximum HDHP out-of-pocket expense (including items such as deductibles, co-payments and co-insurance, but not premiums): Limited to $5,950 for self-only HDHP coverage and $11,900 for family HDHP coverage.