Health Savings Account Insurance Programs
Health Savings Account Insurance Programs were created by Congress in 2003 to provide individuals and employer groups with a flexible and realistic opportunity to lower health insurance premiums while increasing consumer control of how health care dollars are spent.A Health Savings Account Insurance Program is the combination of two products: (1) A qualified health insurance program, and (2) a health savings account.
Since their creation, Health Savings Account Insurance Programs have become a staple product, selling very well to individuals and employer groups who want to lower premiums, and increase consumer control on health care spending.
BUA is a recognized expert on Health Savings Account Insurance Programs, and can help you structure, present and implement a program to meet your clients’ insurance needs. To help you get started, we have included some important H.S.A. information below:
| Federal Changes | 2011 | 2012 |
|---|---|---|
| Maximum Contribution Amounts | $3,050 Individual/ $6,150 Family | $3,100 Individual/ $6,250 Family |
| Minimum Deductibles | $1,200 Individual/ $2,400 Family | $1,200 Individual/ $2,400 Family |
| Additional Contributions for Individuals age 55 or older | $1,000 | $1,000 |
| Maximum Out-of-Pocket (includes deductible amounts) | $5,950 Individual / $11,900 Family | $6,050 Individual / $12,100 Family |
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