|
Health Savings Accounts are Permanent
and Portable
|
|
Preventative Visits usually covered
at 100% (no co-pay)
|
High Deductible Health Insurance
| • |
Deductible
must be at least $1,000 for individual and $2,000
for family |
|
|
Most Health Savings Account plans have
In and Out of Network Benefits
(Freedom to chose medical providers without network
restrictions)
|
Tax Savings
| • |
Funds are contributed Tax-free |
| • |
Funds gain interest Tax-free |
| • |
Withdrawals made for medical
services, dental, vision, OTC drugs, LTC, and Cobra
premiums are Tax-free |
| • |
Allows member to save
taxes on medical costs and builds savings for future
health care expenses |
| • |
Funds can be withdrawn
at age 65 without penalty |
|
|
More control over own healthcare decisions
|
2008 Annual
Contribution Limits are:
| • |
$2,900 for
an Individual and $5,800 for Family |
|
|
Health Savings Account Plans are more
affordable than most Traditional Copay Plans
(Lower Monthly Premiums)
|
|
Money in Health Savings Account rolls
over every year and accrues Interest
|
|
Employer is able to fund HSA Account
for employees and receive tax benefit
|
The Elan Group
works with several Health Insurance Companies that offer
HSA Plans:
| • |
United Healthcare, Aetna,
Blue Cross and Blue Shield, Avalon Healthcare and
Golden Rule Insurance (for individual plans) |
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