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Health Savings Accounts (HSA)
With a Blue Healthcare Bank HSA you manage the funds you need for today's and
tomorrow's medical expenses. You control the disbursement of that money
according to your family's needs. Combining a qualified high deductible
insurance plan with a Blue Healthcare Bank HSA provides affordable
healthcare solutions.When you participate in an HDHP, you set aside money to pay for eligible out-of-pocket expenses. Money can be contributed to your HSA by you and/or your employer up to a maximum of $2,900 single/$5,800 family for 2008. If you become newly eligible to contribute to an HSA during the year, you will be entitled to the maximum contribution for the year provided you remain eligible for a 12-month period beginning in the year your eligibility started. If you are age 55 or older, you can make an additional contribution amount of $900 in 2008. The additional amount increases by $100 each year until it reaches $1,000 in 2009. Like the annual contribution limit, this additional contribution limit is calculated monthly. The HSA cannot receive contributions after the individual has enrolled in Medicare. For the most current HSA contribution information, please go to the U.S. Dept of Treasury Web site at http://www.ustreas.gov/offices/public-affairs/hsa.
For more information about taxes related to HSAs, refer to http://www.irs.gov.
Don’t have an account? Contact us at 1-800-663-BLUE(2583) for more information.
If you have questions or concerns about your account you may contact our Customer Service at info@bluehealthcarebank.com.
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