What our Health Savings Account {HSA} offers:

Our Health Savings Account (HSA) is an excellent way to help fund medical expenses. The tax-favored treatment of HSAs was established under the 2003 Medicare legislation. The law authorizes both individuals and employers to use tax-advantaged HSAs in conjunction with high deductible health insurance plans. The HSA is a high deductible health insurance plan (saves premiums) with an annual deductible of at least $1,000 for individuals and $2,000 for families. There are also limits on the amount of out-of-pocket expenses under the health insurance plan. All of these limitations are subject to annual cost of living adjustments.

Our Major Medical Health Insurance Plan Covers the following:

Our HSA Medical Insurance covers an array of different medical services. Some of these medical services are listed below:

• Prescription drugs
• Inpatient hospital services
• Outpatient hospital services
• Health care practitioner serivces, surgical and anesthesia services
• Reconstructive surgery
• Inpatient rehabilitation programs
• Skilled nursing facility care
• Home health care
• Outpatient physical medicine services
• Ambulance services
• X-ray and laboratory services
• Durable medical equipment and supplies
• Blood product transfusions
• Temporomandibular joint (TMJ) or Craniomandibular Joint Dysfunction
• Transplantation benefits

Tax Deductions for your Health Savings Account {HSA}:

Contributions to an HSA are tax deductible up to certain limits. The deduction limit for individual coverage is the amount of the annual deductible under the health insurance plan or $2,600, whichever is lower. The deduction limit for family coverage is the amount of the annual deductible under the health insurance plan or $5,150, whichever is lower.

In addition, if you are age 55 or older, you may make an additional deductible contribution of up to $500 per person to your HSA.

If your high deductible policy begins after January, only a pro rata portion of the maximum may be contributed and deducted. Self-employed individuals can deduct 100% of their health insurance premiums for the current tax year. Please consult your tax advisor for further information.