High Deductible Insurance Plans

To get the benefits of an HSA, the law requires that the savings account

be combined with High Deductible Health Insurance. High Deductible

Health Insurance costs less than traditional low deductible coverage,

because the insurance company does not have to process and pay

claims for routine, low-dollar medical care.

For 2007, a High Deductible Insurance Plan is a health plan with a minimum

deductible of $1,100 for self-only coverage and $2,200 for family coverage. 

The maximum out-of-pocket expenses for allowed costs must be no more

than $5,500 for self-only coverage and no more than $11,000 for family.