The NEOS HSA

The Institute for HealthCare Consumerism Since enacted in 2003, the Health Savings Accounts (HSA) statute allows health insurance plans to pay for preventive care under the deductible. If they so choose. The Affordable Care Act (ACA) takes this a step further and requires your insurer to pay your preventive care benefits without additional...

7 Ways a Health Savings Account Can Save You Money.

NEOS Consumer Driven Healthcare

Health Savings Accounts celebrate their 10th anniversary – News – ConnectYourCare Health Savings Accounts celebrate their 10th anniversaryIn early December, a number of health care professionals gathered at a dinner to celebrate the 10th anniversary of health savings accounts, first established as a concept in 2003. The Heartland Institute's blog reported on the dinner, which cel...

Q: What are the 2013 HSA financial Amounts and Limits

2013 HSA financial amounts and limits, The following table compares them with the standards that applied for the 2012 calendar year.

The maximum annual contribution to a self-only HSA for HDHP coverage increased from $3,100 to $3,250 for 2013.
The maximum annual contribution to a family HSA for HDHP coverage increased from $6,250 to $6.450 for 2013.
The age 55 and over annual catch up additional contribution remains at a $1,000 for 2013.
The minimum self-only HDHP deductible increased from $1,200 to $1,250 for 2013.
The minimum family HDHP deductible increased from $2,400 to $2,500 for 2013.
The maximum self-only HDHP out-of-pocket expense amount (which includes deductibles and co-payments as well as other expenses) increased from $6,050 to $6,250 for 2013.
The maximum family HDHP out-of-pocket expense amount (which includes deductibles and co-payments as well as other expenses) increased from $12,100 to $12,500 for 2013.
Source: IRS Revenue Procedure 2012-26 the IRS has announced the new inflation-adjusted increases for Health Savings Account (HSA) contributions and high-deductible health plan (HDHP) deductibles.http://www.irs.gov/pub/irs-drop/rp-12-26.pdf [Material updated May, 2012]

NEOS Consumer Driven Healthcare

It's not to late to contribute to your Health Savings account for 2013.

Consumer Directed Healthcare » ACA Sparks Renewed Interest in CDHPs; FedEx Shifts to... The trend toward consumer-directed health plans (CDHPs) got a major convert this month when package delivery giant FedEx Inc. said it would not only offer such plans, but actually switch its entire 400,000-some workforce to account-based insurance starting in 2014. Cigna Corp. and WellPoint, Inc.’s…