Health Savings Account
- Earns 4.50% APR on any amount
- Tax Deductible
- No fees
- Debit Card accessible
Ideal Members Who Would Benefit
Covered under a high deductible health plan (HDHP) - an insurance policy that meets these dollar limits:
| Self-Only Coverage | Family Coverage | |
| Annual Deductible | $1,200 or more | $2,400 or more |
| Out-of-Pocket Expense | $5,950 of less | $11,900 or less |
- Self employed
- Not enrolled in Medicare
- Not claimed as a dependent on another's tax returns
- Not covered by any low deductible health plan
2011 Annual Contribution limits:
- For 2011, the maximum annual contribution for self-only coverage is $3,050
- For family coverage, the maximum annual contribution is $6,150
