Health Savings
You and your employees can save for unexpected health expenses with our easy-to-use Health Savings Account. Use the funds for qualified medical expenses that wouldn’t otherwise be covered by insurance. Plus, you’ll enjoy tax-free savings that are both flexible and portable with no enrollment or monthly fees.
Features
Accountholder Qualifications
-
An individual or employee whose only source of health insurance coverage is a high-deductible health plan
-
Not enrolled in Medicare
-
Not a dependent on someone else's tax return
Contribution Limits (2012-2013)
|
|
Self |
Family |
|
|
2012 / 2013 |
2012 / 2013 |
|
Minimum Deductible |
$1,200 / $1,250 |
$2,400 / $2,500 |
|
Maximum Out of Pocket |
$6,050 / $6,250 |
$12,000 / $12,500 |
|
Standard Contribution |
$3,100 / $3,250 |
$6,250 / $6,450 |
Catch-Up Contribution
(55 or older) |
$1,000 |
$1,000 |
Catch-up Contributions available for people age 55 and older until they enroll in Medicare
More questions? Watch the HSA educational video in our
Education Center to learn more.