Zip Code 01020 Employment Data. 01020 is located in the state of Massachusetts in the Springfield, MA metro area. Zip code 01020 is primarily located in Hampden County. The official postal service name used for 01020 is CHICOPEE, Massachusetts.Portions of the 01020 zip code are contained within or border the city limits of Chicopee, MA, Springfield, MA, .The 01020 area code is 413.ip Code 01020 Adjacent Zip Codes. 01020 is located in the state of Massachusetts in the Springfield, MA metro area. Zip code 01020 is primarily located in Hampden County.
2016 HSA Contribution Limits 2016 offers individuals and families additional opportunities to save for current and future health care with a Health Savings Account (HSA): HSA holders can choose to save up to $3,350 for an individual and $6,750 for a family (HSA holders 55 and older get to save an extra $1,000 which means $4,350 for an individual and $7,750 for a family) â and these contributions are 100% tax deductible from gross income.
Maximum contributions to health savings accounts will jump slightly next year, the Internal Revenue Service announced. It will increase $50 for individuals and $100 for families. The agency said the maximum 2015 HSA contribution will be $3,350 for individuals with self-only coverage, up from $3,300 this year. For those with family coverage, the maximum contribution will be $6,650, up from $6,550. HSA contribution limits are updated annually to reflect cost-of-living adjustments. The annual limitation on deductions for an individual with family coverage under a high-deductible health plan will be $6,650 for 2015. The maximum out-of-pocket employee expense will increase next year to $6,450 for single coverage from $6,350, and to $12,900, from $12,700, for family coverage.