Blue Cross Health Savings Account (HSA) Can Save You Thousands   As proof, checkout the low monthly rates and synopsis below of our two most popular plans.   ..Duval Individual Plan No Tobacco Rates - Surrounding Counties Less..   AGE 35:  Male $130 or Female $145     AGE 45:  Male $161 or Female $178      AGE 55:  Male $244 or Female $234   Individual Calendar Year Deductible Choices: $1500; $2100; $3000   . Duval Family Plan No Tobacco Rates - Surrounding Counties Less..     AGE 35:  H&W $210     AGE 45:  H&W $260        AGE 55:  H&W $367   Family Aggregate Calendar Year Deductible Choices: $3000; $4200; $6000   Suitability If you are concerned about potential major medical expenses like hospitalization and surgery, but are not worried about relatively minor costs of occasional Doctors visit and Prescriptions…then an HSA program fits. Because, with an HSA compatible policy, the big-ticket care (hospital, surgery) triggers the insurance coverage. Both HSA policies provide 100% Coverage including Drugs after the Deductible chosen.   PPO verses HSA Premium Example Family - male 39, female 37, boy 10, girl 8, no tobacco, Duval residence PPO cost $559/month, HSA cost $285/month Premium savings $274/month or $3288/year   Health Savings Account (HSA) Forecast Instead of paying high premiums, deposit the premium savings into your own HSA and deduct off your taxes. Bank then issues you an HSA debit card to pay medical expenses below your deductible at insurer’s discounted rates, plus all other health care costs not covered by traditional medical insurance including dental, hearing and vision. Assume your debit card health care costs will average 50% of the HSA deposits, which leaves 50% invested. Remember, your HSA earns interest, plus your unused funds rollover and accumulate without forfeiture, and that your deposits are not spent but saved for future health care expenses, retirement or inheritance.   Tax-Trifecta HSA deposits are Tax-Deductible, interest is Tax-Deferred, and health care distributions are Tax-Free.  HSA deposits are completely voluntary, you can put in zero or any amount up to the maximums that follow. Maximum 2008 contributions are $5,800/family or $2,900/individual, with a one-time IRA transfer allowed, plus a $900/year extra allowance per insured over age 55.  Like an IRA, early or non-qualified withdrawals are taxable with 10% penalty.  If you are self-employed, the health insurance premium is also Tax-Deductible.   If Hospitalization/Surgery before Deductible Fully Funded Move money from another account into HSA and tax-deduct it.  Transfer money from IRA into HSA tax-free. Worse case, hospitals will accept monthly payments (the extra premiums you would have been paid for PPO).   In closing, please call with your questions.   (904) 730-3900 9AM to 9PM Weekdays and 10AM to 4PM Saturdays Get a Personal Quote Save Thousands!   Internet Quote