Health Savings Accounts

Health Savings Accounts (HSAs) are new tax-free savings plans that Floridians can take advantage of to pay for qualified medical expenses. This program allows consumers to deposit pre-tax dollars into their HSA up to the level of their deductible. HSAs must be used in conjunction with a high-deductible health plan. To qualify, the health plan must have a minimum deductible of $1,000 (up to $2,650) for an individual policy and $2,000 (up to $5,150) for a family policy. The insurance premium is paid for outside of the HSA. For a list of companies offering qualifying insurance policies, please call the Department or visit our Web site at www.myfloridacfo.com.  For more information on HSAs, please visit www.treas.gov, or e-mail your questions to the U.S. Department of Treasury at HSAInfo@do.treas.gov.