Health Savings Accounts
Health
Savings Accounts were established by the Medicare Act of
2003 as a means for individuals to save for medical
expenses. Coupled with a qualified High Deductible
Health Plan, Health Savings Accounts offer a tax
advantaged way for individuals to take more control of
their health care, by controlling the dollars they spend
on their routine health care. For employers, it’s a way
to introduce consumerism into their health benefits
program, while continuing to provide protection for
their employees.
High Deductible
Health Plans
In order to qualify for a Health Savings Account you
must have an HSA qualified high deductible health plan
with the following minimum characteristics:
a) a minimum deductible* of $1,100 for self-only
coverage (2008);
b) a minimum deductible* of $2,200 for family
coverage (2008);
c) a maximum out-of-pocket limit* (including
deductibles and co-pays) of $5,600 for
self-only coverage, and $11,200 for family coverage
(2008)
*NOTE: These amounts are indexed annually for
inflation.
Services We
Provide
As the administrator of your HSA Qualified
High Deductible Plan, Klais & Company can provide the following services to
you and your employees:
- Plan design and consultation
- Plan and claims administration
- Employee meetings, brochures, and plan
documents
- Collection and verification of HSA
account applications and enrollment forms
- On-line access to account information
- Liaison between account holder and bank
If you are interested in learning more about
Health Savings Accounts, please contact our
Marketing Department at (330) 867-8443, or
submit your inquiry through our "Request
Information" option on this site.
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