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INSURANCE QUOTES FROM MULTIPLE CARRIERS

News From Stewart's Insurance Depot

Health Savings Account News

2008 offers individuals and families additional opportunities to save for current and future health care with a health savings account:

HSA holders can choose to save up to $2,900 for an individual and $5,800 for a family (HSA holders 55 and older get to save an extra $900 which means $3,800 for an individual and $6,700 for a family) - and these contributions are 100% tax deductible from gross income.
Minimum annual deductibles are $1,100 for self-only coverage or $2,200 for family coverage.
Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $5,600 for self-only coverage and $11,200 for family coverage.

Minimum
Deductible

Maximum
Out-of-Pocket

Contribution Limit

55+ Contribution

Single

$1,100

$5,600

$2,900

$900

Family

$2,200

$11,200

$5,800

$900

For more detailed information on changes in HSA law, visit the U.S. Department of Treasury website at www.ustreas.gov or talk with your tax advisor.

If you are under age 55, and have a family, you can save in your account and deduct this amount from your federal and state income taxes for 2008 of $5,800.00 and if you are over age 55, you can take another $900.00 more and place it in your account and reduce your taxable income by that same amount. Do you know of any deduction you can take and still have the money?

Additional insurance companies now represented by us:

Medical Savings Insurance Company has joined us. You can check out their products for individual and family health savings account/ high deductible major medical insurance.

Princople has joined us for long-term disability products.

	Minimum Deductible	Maximum Out-of-Pocket	Contribution Limit	55+ Contribution
Single	$1,100	$5,600	$2,900	$900
Family	$2,200	$11,200	$5,800	$900