HSAs are not just for the young, healthy or wealthy; HSAs help individuals and families reduce healthcare costs while saving for the future especially in Florida.

Here are just a few cases of how HSAs are being used by actual consumers:

Single Female in New York

Name: Brenda
Location: New York, NY
Marital Status: Single
Occupation: Freelance Designer (self employed)
Annual Income: $50,000
Deductible: $3,000

Current Healthcare Status:
Emily has no major planned health expenses, only preventive care (covered by insurance under her deductible).

Result:
Emily pays $150 per month for her health plan premium. She contributes $100 per month into her HSA. She spends the money in her HSA, tax-free, on acupuncture treatment and contact lenses.

Single Male in Florida

Name: Robert
Location: Tampa, FL
Marital Status: Single
Occupation: Technology Developer
Annual Income: $90,000
Deductible: $3,000

Current Healthcare Status:
Michael is planning on getting LASIK surgery in the next few years and intends to use his HSA to pay for the service.

Result:
Michael’s employer contributes $200 per month into his HSA. He contributed $450 at the beginning of 2007 into his HSA (so that he could reach the maximum contribution of $2,850 by year-end). He does not spend money out of his HSA, and instead pays out of pocket for occasional visits to a chiropractor.