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Open Your HSA

To qualify for a Blue Healthcare Bank health savings account (HSA), you must be covered under a qualified high deductible health plan (HDHP) offered by a participating Blue Cross and/or Blue Shield Plan. This means that your 2009 deductible needs to be at least $1,150 if you have individual coverage, or $2,300 if you have family coverage to be considered a qualified HDHP by the United States Government. Additionally, you cannot be enrolled in Medicare, be a dependent on someone else's tax return, or have received VA medical benefits in the past three months. If you have questions about your eligibility, please consult your tax advisor.

Please be reminded that health savings accounts have tax and legal ramifications. Blue Healthcare Bank does not provide legal or tax advice, and nothing herein should be construed as legal or tax advice. These materials, and any tax-related statements in them, are not intended or written to be used, and cannot be used or relied on, for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with promotion or marketing of the transaction(s) or matter(s) addressed by these materials. You should seek advice based on your particular circumstances from an independent tax advisor regarding the tax consequences of specific health insurance plans or products.