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

For your convenience, this site includes links to other 3rd parties. Co-op Credit Union does not endorse or guarantee these 3rd party sites. The products and services offered on 3rd party sites, including investment and insurance products, are not products of Co-op Credit Union and may be insured by the NCUA or FDIC. Co-op Credit Union does not maintain or control privacy or security on these sites, and as such, makes no guarantees as to the privacy of any information you may provide or disclose while on these sites.

Notice:
Transactions restricted by the federal Unlawful Internet Gambling Enforcement Act are prohibited and should not be processed through commercial accounts at this credit union.

Copyright 2005 Co-op Credit Union
100 East Main Street PO Box 157
Black River Falls, WI 54615
715-284-5333 or 800-258-0023

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Health Savings Account

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

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