Health Savings Accounts

Designed to provide a tax advantage to offset qualified health care expenses incurred by the account beneficiary and dependents.

• No monthly service charge if you maintain a daily balance of $3,000 or more; otherwise, a $3.00 monthly fee is assessed
• No charge for Synergy VISA® Debit Cards & Online Bill Pay

• No charge for first 50 checks
• $100.00 minimum deposit to open account
• One-time setup fee of only $10.00 (Waived on company group enrollments)

You are eligible to participate for any month if you:

• Are covered under a high deductible health plan (HDHP) on the first day of such month;
• Are not also covered by another health plan that is not an HDHP (with limited exceptions);
• Are not enrolled for benefits under Medicare (generally not yet age 65); and
• Are not able to be claimed as a dependent on another person’s tax return.

2012 HDHP limits:

• Annual deductible = $1,200 (individual) and $2,400 (family)
• Annual deductible plus out-of-pocket expenses cannot exceed $6,050 (individual) and $12,100 (family)

2012 HSA Contribution Limits  (2011 contributions can be made until April 15, 2011):

• $3,100 (individual).  $4,100 if age 55 or older*
• $6,250 (family).  $7,250 if age 55 or older*

*Catch up contributions up to $1,000 allowed if age 55 before close of taxable year

2011 HDHP limits:

• Annual deductible = $1,200 (individual) and $2,400 (family)
• Annual deductible plus out-of-pocket expenses cannot exceed $5,950 (individual) and $11,900 (family)

2011 HSA Contribution Limits  (2010 contributions can be made until April 15, 2011):

• $3,050 (individual).  $4,050 if age 55 or older*
• $6,150 (family).  $7,150 if age 55 or older*