The Internal Revenue Service (IRS) has announced that the maximum contributions that can be made to Health Savings Accounts (HSAs) will increase for 2009. According to a statement released by the IRS on May 14, 2008, the maximum contributions for 2009 will be as follows:

Single Coverage - $3,000 (up from $2,900 for 2008)

Family Coverage - $5,950 (up from 5,800 for 2008).

See full alert for more information.