HSA Clearing Corp, the leader in providing banks and credit unions with a complete turn key Health Savings Account program, offers some early insight into the numbers for 2007 HSA contributions.

With yesterday’s release of the July 2006 inflation figures, only one month remains until the inflation-adjusted amounts for health savings accounts (HSAs) for 2007 will be known. However, looking at the past 11 months of data indicates that the following amounts are most likely:

Maximum Contribution to HSA
Self-only coverage:    $2,850
Family coverage:    $5,650

The annual catch-up contribution for individuals age 55 or older is set by statute and will be $800 per person for 2007.

For insurance plans offering HSA-qualified high deductible health plans (HDHPs), the following amounts are most likely:

Minimum deductible for HDHPs
Self-only coverage:    $1,100
Family coverage:    $2,200

Out-of-Pocket Maximum for HDHPs
Self-only coverage:    $5,500
Family coverage:    $11,000

The minimum deductible will not likely change no matter what the August 2006 inflation number is. However, the out-of-pocket limits could be as low as $5,450 (self-only) and $10,900 (family). For any company that wants to put their plans together now, this is a safer number to use. Otherwise, plans can wait until the final numbers are known in about a month.

About HSA Clearing Corp
HSA Clearing offers turnkey solutions for financial institutions nationwide to initiate and administrate HSA accounts. For more information on this program, or the other benefits of using HSA Clearing Corp, please call 262-348-1300 or visit the website at www.hsaclearing.com.