Health Savings Accounts (HSAs) are tax-exempt accounts established to pay qualified medical expenses. HSAs are designed to help individuals save for qualified medical and retiree health care expenses on a tax-free basis. HSAs must be used in conjunction with a qualified High Deductible Health Plan (HDHP).
For 2008, qualified HDHPs must have a minimum deductible of $1,100 for single coverage with an annual out-of-pocket maximum not exceeding $5,600. The deductible for family coverage is $2,200, and the annual out-of-pocket maximum may not exceed $11,200. For family coverage, the entire family deductible must be met before Unity will make a payment toward covered services.
The above amounts are indexed annually for inflation. You must have a HDHP in order to open and deposit funds in a HSA. Unity's qualifying plans include group and individual HMO plans and group PPO and POS plans.
HSA Benefits
HSA Trustee Information
Unity Health Insurance, through its partnership with HSA Bank, is pleased to offer Health Savings Accounts to members. HSA Bank is a national leader in HSAs, serving accountholders in all 50 states.
HSA Bank
605 N. 8th Street, Suite 320
Sheboygan, WI 53081
866-471-5942
www.hsabank.com
If you prefer, you may set-up your HSA with any other qualified HSA trustee.
