Current predictions are that health care costs could rise by at least 10% in 2007, further straining an already stretched market. The part of the article that I found most interesting was that studies show that Americans spent about the same portion of their annual budget – 6% – on health care in 1960 that… Read more about Families Feeling the Squeeze
HSA
IRS Issues 2007 HSA Contribution Limits
The IRS just announced the HSA limits for 2007. The maximum HSA contribution (not including catch-up contributions) will be $2,850 for self-only coverage and $5,650 for family coverage in 2007. Additionally, the maximum out-of-pocket expense—including deductibles—that employees with single coverage can be required to pay will rise to $5,500, up from $5,250 in 2006, and… Read more about IRS Issues 2007 HSA Contribution Limits
Another Use for Your HSA
Inside many Colorado Target, Wal-mart, Kroger, and Walgreens stores you’ll find walk-in clinics like MedPoint Express, MinuteClinic, RediClinic, and now SmartCare Family Medical Centers. These in-store clinics allow a fast and convenient option for those with a minor medical need, like an ear infection, and want quick treatment. The problem with these clinics, right now, is… Read more about Another Use for Your HSA
HSA Usage
A Kaiser Family Foundation poll found that out of all the people with job related health insurance, only 4 percent are enrolled in an HSA qualified plan. “We don’t know yet whether workers and employers ultimately will embrace consumer-driven health plans in big numbers, but it certainly hasn’t been a tidal wave,” study co-author Gary… Read more about HSA Usage
Separate Your HSA from Your Health Insurance
All of the health insurance companies we work with in Colorado now offer HSA qualified high deductible health insurance plans (HDHP). After you’re approved for an HSA qualified HDHP with these companies, they’ll send you information and application information to sign up for a health savings account with a bank they work with. For example,… Read more about Separate Your HSA from Your Health Insurance