Employees

What Is An HRA?

Learn how you can be reimbursed, tax-free, for almost any medical expense—including your own individual health insurance premium.

What Expenses Are Reimbursable?

View a list of all the types of medical expenses that are reimbursable tax-free from an HRA under federal law.

Do I Qualify For an HSA?

Find out if you qualify for an HSA, and how you can use your HRA to buy an HSA-qualified health insurance policy.

Testimonials

Read how Zane Benefits has helped other employees.

Do I Qualify For a Health Savings Account (HSA)?

The tax benefits of HSAs are so great, you should contribute the maximum amount allowed to your HSA before putting a single dollar into an IRA or 401(k) plan.

Health Savings Accounts (HSAs) are the newest way for U.S. families to save money on their health insurance today and save for their wellness and retirement tomorrow.

HSAs are investment accounts, similar to IRAs or 401(k) plans, that allow you to withdraw unlimited funds tax-free for health care expenses. By opening an HSA and contributing the maximum allowed amount each year, you will save thousands or more in taxes.

How Do I Qualify For an HSA?

In order to qualify for an HSA, you must be enrolled in a health plan with a high deductible—at least $1,050 for an individual or $2,100 for a family.  Your maximum annual out-of-pocket cost cannot be more than $5,100 for an individual or $10,200 for a family.  (Note that these numbers are for the 2006 calendar year and are indexed for inflation.)

Note: If you participate in an HRA, the minimum deductible also applies to your HRA reimbursements.  To qualify for an HSA, you cannot receive reimbursements from your HRA until you've reached the minimum annual deductible, except for accident-related costs and insurance premiums for your high-deductible insurance policy.

How Much Can I Contribute To My HSA?

You and your employer are allowed to contribute up to the lesser of your annual deductible and a statutory limit ($2,700 for individuals or $5,450 for families).

Remember, all money you withdraw from your HSA to pay for qualified medical expenses is tax-free, including interest.  Because the tax benefits of HSAs are so great, you should contribute the maximum amount allowed to your HSA before putting a single dollar into an IRA or 401(k) plan.