| HEALTH SAVINGS ACCOUNTS |
 | |  |
Health Savings Accounts (or H.S.A.’s) are special tax-free savings accounts that individuals, spouses or
dependents can use to pay for qualified medical expenses when they have a high deductible health insurance
plan. The Federal Government can change the deductibles each year, based on the Consumer Price Index.
Blue Cross-Blue Shield plans that qualify as high deductible health plans are called Flexible Blue.
The minimum deductible for 2007 is $1100 per person or $2200 per family. Deductibles must be met before any
medical and/or prescription drug expense can be paid. If you have a family contract, no medical expenses for any
family member will be paid until the full family deductible is reached.
If you are covered by a high deductible plan you can make pre-tax contributions to an H.S.A. to cover deductible
and coinsurance liabilities up to maximums determined by the I.R.S.
There are many things to consider when looking into H.S.A. qualified plans. If you would like to receive a
brochure outlining these considerations, please call our office at 800-327-1950.
dependents can use to pay for qualified medical expenses when they have a high deductible health insurance
plan. The Federal Government can change the deductibles each year, based on the Consumer Price Index.
Blue Cross-Blue Shield plans that qualify as high deductible health plans are called Flexible Blue.
The minimum deductible for 2007 is $1100 per person or $2200 per family. Deductibles must be met before any
medical and/or prescription drug expense can be paid. If you have a family contract, no medical expenses for any
family member will be paid until the full family deductible is reached.
If you are covered by a high deductible plan you can make pre-tax contributions to an H.S.A. to cover deductible
and coinsurance liabilities up to maximums determined by the I.R.S.
There are many things to consider when looking into H.S.A. qualified plans. If you would like to receive a
brochure outlining these considerations, please call our office at 800-327-1950.
| 2007 |
| CURIOUS ABOUT AN HEALTH SAVINGS ACCOUNT? |