|  | | | Contribution and deductible levels for High Deductible Health Plans (HDHP) and Health Savings Accounts are calculated on an annual basis. Below is a summary of information for 2007 and 2008. | | | | Insurance Coverage | HDHP Minimum Deductible | HDHP Maximum Out-of-Pocket | Maximum HSA Contribution | | Single Plan | $1,100 | $5,500 | $2,850 | | Family Plan | $2,200 | $11,000 | $5,650 |
| | | | Insurance Coverage | HDHP Minimum Deductible | HDHP Maximum Out-of-Pocket | Maximum HSA Contribution | | Single Plan | $1,100 | $5,600 | $2,900 | | Family Plan | $2,200 | $11,200 | $5,800 |
| | Additional Catch-up Contribution Information: If you or your spouse are age 55 or older and not enrolled in Medicare, you may be allowed to make additional HSA catch-up contributions ($800 for 2007 and $900 for 2008). If you turn 55 at any point during the year, you are eligible for that year. If both you and your spouse are eligible for catch-up contributions, you must both establish a Health Savings Account in order to contribute both catch-up contributions. | | The above summary is for informational purposes only. Please consult with your tax advisor. |
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