Health Savings Account

A Health Savings Account, or HSA, is a tax-exempt custodial account
established to pay qualified medical expenses in conjunction with
a "High Deductible Health Plan" (HDHP).
A High Deductible Health Plan is an
alternative to traditional PPO and HMO plans. In exchange
for a lower monthly premium, you accept responsibility for a
higher amount of "out of pocket" expenses.
Federal law sets the minimum requirement for what
constitutes a HDHP.
Health Savings Account Limits
2009
2010
Maximum Contribution Limits
Single HDHP
$3,000
$3,050
Family HDHP
$5,950
$6,150
Limit#1 To qualify as a HDHP –
Minimum Annual Deductible
Single Coverage
$1,150 $1,200
Family Coverage
$2,300 $2,400
Limit #2 To Qualify as a HDHP –
Maximum Annual Out-Of-Pocket
Single Coverage
$5,800 $5,950
Family Coverage
$11,600 $11,900
Individuals
age 55 and older can also make additional “catch-up”
contributions of:
2009
2010
$1,000 $1,000
CCU has Health
Savings Accounts available with debit card access. Contact
us for more information or to open your account.
Your credit
union provides this listing of local insurance agents offering
high deductible health plans for your reference and convenience.
American Family Insurance - Black
River Falls - 715-284-4113
Shawn Johnson
American United Life - Blair - 608-989-2822
Ronald Myskewitz
Coverra Insurance Services - Black River Falls - 715-284-2127
Lori Scharlau
Debra Ray Insurance Agency - Galesville - 608-582-2056
Esser Insurance Agency - Alma Center - 715-964-6311
Dan Esser
Greater Insurance Services - Black River Falls - 715-284-4956
Kniseley Insurance - Taylor - 715-662-2631
Barb Kniseley
New York Life Insurance - Black River Falls
Stacy Burgau - 715-284-5433
Mark Thomley - 715-284-8000
Norgaard Insurance - Black River Falls - 715-284-5115
John Norgaard
Ristow Insurance Agency - Galesville - 608-582-2155
Rural Insurance Agency - Black River Falls - 715-284-2522
Rodney Nowak
State Farm Insurance - Black River Falls - 715-284-4020
Karen Stai Koenigs
Westland Insurance Agency - Black River Falls - 715-284-4980
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