Sometimes it can be difficult to get the specific answers you need regarding the tax laws and exactly how HSA’s tie into your health insurance. I have put together a set of resources where you can find an answer to pretty much any question you can think of regarding, tax code, eligibility, and everything else that goes along with having and administering an HSA. I have everything from government resources to the resources through each New Jersey Health Insurance carrier.
Health Savings Account Resources for New Jersey Businesses and Individuals
1)IRS Publication 969 – Health Savings Accounts and Other Tax Favored Plans
2)Publication 502 – Medical and Dental Expenses – Including the Health Coverage Tax Credit
3)HSA Indexed Amounts for 2011
Contribution Levels for HSAs:
- For calendar year 2011, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,050.
- For calendar year 2011, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $6,150.
High deductible health plan.
- For calendar year 2011, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,200 for self-only coverage or $2,400 for family coverage, and
- the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $5,950 for self-only coverage or $11,900 for family coverage.
4)HSA Indexed Amounts for 2012
5)Preventive Care Services Covered Under the Affordable Care Act – Use this to see what services you can get with zero copayment or deuctible
New Jersey Health Insurance Carrier Resources
List of services covered 100%- http://www.amerihealth.com/health_care_reform/for_providers/preventive_care.html
3)Horizon Blue Cross Blue Shield
http://www.horizonnjhealth.com/HRA_HSA_demo/index.html HSA/HRA Demo
List of services covered 100%
4)Oxford Health Plans
1)ACS/BNY Mellon HSA – Horizon Blue Cross banking partner for HSA’s.
This website is one of the best I have found for the resources on HSA’s.
https://hsamember.com/ Main Site
https://hsamember.com/faq.html FAQ Section for Health Savings Accounts
https://hsamember.com/resources.html Additional Resources
https://hsamember.com/calculator2.shtml Tax Calculator to see how much you will save in taxes by using an HSA.
If there are any unanswered questions you still have or cannot find what you are looking for in these resources, please contact me and I will try my best to help you out.