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Do you need to open a new Health Savings Account (HSA)? Have questions? We can help!

Ask a Personal Banker about the benefits of a Baylake Bank HSA today.

Who is eligible to establish an HSA? You may qualify if you...

1. are covered by an HSA compatible High Deductible Health Plan (HDHP)?
2. are not enrolled in and receiving Medicare benefits
3. are not claimed as a dependent on another person’s tax return
4. are not covered by any other type of health insurance plan (including coverage under a spouse’s plan) - does not apply to dental, vision, disability or long term care

High Deductible Heath Plan Qualifications 2010 and 2011
IRS Requirements for 2011	Single Plan	Family Plan
Minimum Deductible	$1,200	$2,400
Maximum Out-of-Pocket	$5,950	$11,900

Health Savings Account Contribution Limits 2010 and 2011
IRS Requirements for 2011	Single Plan	Family Plan
Contribution Limit	$3,050	$6,150
Catch-Up Contribution (55 or older)*	$1,000	$1,000
*If a spouse is also 55 or older, a second HSA may be established and a second contribution of $1000 could be made to that account.

*Consult your tax advisor.

Are you a business owner who offers a high-deductible health care plan to your employees? Let Baylake Bank help! We provide turn-key employee educational programs about Health Savings Accounts as well as offer on-site account Health Savings Account opening at your place of business.

Contact Mary Borlee today for more information at 920-431-3687 or toll-free at 1-800-580-4440.

Helpful links for more information

United States Department of the Treasury: Health Savings Accounts (HSAs)

Wisconsin Department of Revenue: Health Savings Accounts

For qualified medical expenses:
HSA for America - HSA Qualified Expenses

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