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"If you want affordable health coverage that
provides peace of mind, then an HSA is for you.”
Janine B., Evanston, IL
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HSAs BENEFIT FAMILIES
For families who want affordable health
coverage that also creates a financial asset for the future,
HSAs are an excellent choice.
The following chart demonstrates how an HSA could benefit your family:
HSA Comparison Table - Family Coverage 2008
| |
Typical
Plan
|
|
HSA
Plan |
| |
Family
deductible maximum:
$1,000
Coinsurance: 80%/20%
(doctor office co-pay) |
|
Common
family deductible:
$5,700
Coinsurance: 100% |
| Premium paid |
$8,225 |
|
$3,166 |
| Share of medical
care expenses ($1,500 claim) |
+ $1,650
$1,000 for deductible,
$100 for coinsurance,
$550 for dental/eyewear |
|
+ $2,050
$1,500 for deductible,
$550 for dental/eyewear
All paid from HSA account |
| Expenses subtotal |
=
$9,875 |
|
=
$5,216 |
| Tax savings on
HSA deposits |
$0 |
|
- $1,582
($5,650 HSA deposit x 28%) |
| Net expenses |
$9,875 |
|
$3,634 |
Total
net savings with HSA Plan |
=
$6,241 |
Disclaimer: This chart is for comparison purposes only.
*Any reference to taxation should not be considered tax advice. Please consult a qualified tax professional for tax advice.*
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