Is An HSA Right For You?
 
Introduction to HSA's Presentation by Assurant Health
Wells Fargo HSA Account Presentation
Health Savings Accounts, HSA's, were signed into law by President Bush, on December 8, 2003 and became effective January 04. HSA's are perfect for Dentists, Physicians, Attorneys and other Professionals and their employees. This new law is an expansion of the past MSA law, which allowed eligible people that purchased a "Qualified High Deductible Health Plan" to contribute to an extra Medical IRA. Now everyone who purchases this "High Deductible Plan" will be eligible to contribute up to 100% of their deductible every year into an Medical IRA account.
2010 Max HSA Contribution
*$3,050 Individuals*
*$6,150 Family*
*$1,000 Catch Up if over age 55
*Catch Up total $8,150
The Concept is Easy as:
1. Save thousands of dollars on insurance premium. Purchase a "qualified" high deductible health plan (HDHP) vs. the Association, Group Health, or Lower Deductible Individual plan. Purchasing a HDHP qualifies you to contribute to an HSA. You have to make sure your plan meets the HDHP definition, or you will not be eligible? Most traditional PPO plans on the market do not meet the definition.
2. Invest premium savings into a Tax Deductible Medical IRA Account (HSA) and use this account to reimburse yourself for medical expenses during the year. If you do not need the money it stays in the account and grows for you tax deferred. Best of all, you can continue to contribute each year and create a large amount of money to help pay for future medical costs always free of taxes!
3. Request A Multi-Carrier Quote
|
2009 Max HSA Contribution
*$3,000 Individuals*
*$5,950 Family*
*$1,000 Catch Up if over age 55
*Catch Up total $7,950
2010 Max HSA Contribution
*$3,050 Individuals*
*$6,150 Family*
*$1,000 Catch Up if over age 55
*Catch Up total $8,150
You can now contribute up the the maximum limit regardless of your current HDHP deductible. Transfer money into your HSA from your IRA.
Qualified Medical Expenses
Recommended HSA Bank Accounts
Colorado Dept of Insurance HSA Information
How to set up an HSA for you employees
US Treasury |
