HIGHLIGHTS OF HSA LEGISLATION FOR 2007 ENHANCES HEALTH SAVINGS ACCOUNTS

HSA legislation highlights include:

1. Individuals may contribute the maximum amount as determined by the IRS regardless of the individual's deductible. The maximum contribution for 2007 is $2,850 for individuals and $5,650 for families
2. Pro-rating contributions based on the effective date of coverage is eliminated and employees may contribute the maximum annual amount set by the IRS regardless of when their plan coverage began.

For detailed information on these new H S A enhancements and their impact on your personal financial planning, we encourage you to contact your Certified Public Accountant.