¹

IRS does not limit. Employer sets plan limit.

²

IRS-imposed limits for 2011: Annual limit of $3,050 for single coverage and $6,150 for family coverage if HDHP coverage begins by December 1. Catch up contributions for those 55 and over: $1,000.

³

IRS-imposed limits for 2011: Minimum deductible of $1,200 with maximum out-of-pocket expenses of $5,950 for single coverage and a $2,400 minimum deductible with maximum out-of-pocket expenses of $11,900 for family coverage.

4

Certain debit card swipes may not require a claim form and receipts to be submitted if electronically adjudicated.

5

Payment substantiation upon audit of Form 1040.

6

Employers may elect a 2-1/2 month "grace" period for employees to use leftover funds from a previous plan year to pay for expenses incurred in a new plan year.