HSAs have been likened to Medical IRAs. Team a tax-qualified High-Deductible Health Plan (HDHP), from a superior company with a savings account that allows you to contribute “above the line” pre-tax dollars, to be spent on qualified medical expenses, and you achieve a system to better control your health care spending, tax-free. Plus the money in the Health Savings Account at years end “rolls over” to the following year. Furthermore, with our qualified health insurance plan you may purchase your health care at a wholesale rather than retail price and may even include a Wellness Care benefit with no co-pay, at your option.

• For 2009, the maximum annual HSA contribution for an eligible individual with self-only coverage is $3,000. 
• For family coverage, the maximum annual HSA contribution is $5,950.
• Catch up contribution for individual who are 55 or older is increased by statute to $1,000 for 2009 and all years going forward.
• Individuals who are eligible individuals on the first day of the last month of the taxable year (December for most taxpayers) are allowed the full annual contribution (plus catch up contribution, if 55 or older by year end), regardless of the number of months the individual was an eligible individual in the year.  For individuals who are no longer eligible individuals on that date, both the HSA contribution and catch up contribution apply pro rata based on the number of months of the year a taxpayer is an eligible individual.