Common use of Contribution Limits Clause in Contracts

Contribution Limits. 1. The maximum annual contribution limit for an Account Owner with single coverage and the maximum annual contribution limit for an Account Owner with family coverage are established each year by the Internal Revenue Service (IRS). These limits are subject to cost-of-living adjustments each calendar year. Contribution limits for the current year may be found at www. ▇▇▇▇▇▇▇▇.▇▇▇ or in IRS Publication 969. 2. Contributions to ▇▇▇▇▇▇ MSAs or other HSAs count toward the maximum annual contribution limit to this HSA. 3. An additional $1,000 catch-up contribution may be made for an Account Owner who is at least age 55 or older at any time during the tax year and not enrolled in Medicare. 4. Contributions in excess of the maximum annual contribution limit are subject to an excise tax. However, the catch-up contributions are not subject to an excise tax. 5. The Account Owner will be responsible for any tax consequences that result from exceeding the contribution limits set annually by the Internal Revenue Service for single or family coverage.

Contribution Limits. 1. The maximum annual contribution limit for an Account Owner with single coverage and the maximum annual contribution limit for an Account Owner with family coverage are established each year by the Internal Revenue Service (IRS). These limits are subject to cost-of-living adjustments each calendar year. Contribution limits for the current year may be found at www. ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ or in IRS Publication 969. 2. Contributions to ▇▇▇▇▇▇ MSAs or other HSAs count toward the maximum annual contribution limit to this HSA. 3. An additional $1,000 catch-up contribution may be made for an Account Owner who is at least age 55 or older at any time during the tax year and not enrolled in Medicare. 4. Contributions in excess of the maximum annual contribution limit are subject to an excise tax. However, the catch-up contributions are not subject to an excise tax. 5. The Account Owner will be responsible for any tax consequences that result from exceeding the contribution limits set annually by the Internal Revenue Service for single or family coverage.

Contribution Limits. 1. The maximum annual contribution limit for an Account Owner with single coverage and the maximum annual contribution limit for an Account Owner with family coverage cover- age are established each year by the Internal Revenue Service (IRS). These limits are subject to cost-of-living adjustments each calendar year. Contribution limits for the current year may be found at www. ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇ or in IRS Publication 969. 2. Contributions to ▇▇▇▇▇▇ MSAs or other HSAs count toward the maximum annual contribution limit to this HSA. 3. An additional $1,000 catch-up contribution may be made for an Account Owner who is at least age 55 or older at any time during the tax year and not enrolled in MedicareMedi- care. 4. Contributions in excess of the maximum annual contribution limit are subject to an excise tax. However, the catch-up contributions are not subject to an excise tax. 5. The Account Owner will be responsible for any tax consequences that result from exceeding the contribution limits set annually by the Internal Revenue Service for single or family coverage.