New Hampshire Health Savings Accounts
What is an HSA?
An HSA is tax-favored savings account that is used in conjunction with a high-deductible HSA-compatible health insurance plan to make healthcare more affordable and to save for retirement.
New Hampshire residents can pay for qualified medical expenses with pre-tax dollars and save for retirement on a tax-deferred basis.
eHealthInsurance works with New Hampshire insurance providers that offer health plans compatible with an HSA. Compare HSA-compatible health plans in New Hampshire and select the plan best that works best for you and your family.
Advantages of a Health Savings Account
- Deducting 100% of your HSA contributions from your taxable income
- Having the money in your HSA accrue interest and/or gains on a tax-free basis
- Paying no penalties or taxes when you use your HSA to pay for qualified medical expenses
- Having a high-deductible HSA-compatible health insurance plan, which typically has a lower premium than a plan with a lower deductible
Annual Contribution Levels for HSAs
- For 2010, the maximum annual HSA contribution for an eligible individual with self-only coverage is $3,050.
- For family coverage, the maximum annual HSA contribution is $6,150.
- Catch up contribution for individual who are 55 or older is $1,000 (set by statute and unchanged from 2009).
Out-of-Pocket Spending on HSA-Compatible High Deductible Health Plans (HDHP)
For 2010, the maximum annual out-of-pocket amounts for HDHP self-coverage increase to $5,950 and the maximum annual out-of-pocket amount for HDHP family coverage is twice that, $11,900.
Minimum Deductible Amounts for HSA-Compatible HDHPs
For 2010, the minimum deductible for HDHPs increases to $1,200 for self-only coverage and $2,400 for family coverage
New Hampshire Income Tax Treatment on HSA Contributions
Since New Hampshire does not impose a state income tax, HSA contributions have no impact on state tax liability.
*Source data according to Kaiser Family Foundation:
Data as of February, 2008.
Laws regarding HSAs are subject to change, please always check with a licensed agent or the IRS (www.irs.gov) regarding rules and regulations.
NH HSA-Compatible Plan Providers
- Harvard Pilgrim Health Care
- Ambetter from New Hampshire Healthy Families
- Anthem Blue Cross and Blue Shield of NH
Best Sellers
- Silver 201 HSA
Provider: Ambetter from New Hampshire Healthy Families - Anthem Bronze Pathway X Enhanced 9200/0% PD ($0 Virtual PCP + $0 Select Drugs)
Provider: Anthem Blue Cross and Blue Shield of NH - NH Local Choice HMO Gold
Provider: Harvard Pilgrim Health Care - Anthem Bronze Pathway X Enhanced 7500/50% PD ($0 Virtual PCP + $0 Select Drugs)
Provider: Anthem Blue Cross and Blue Shield of NH - Anthem Silver Pathway X Enhanced 5000/40% PD ($0 Virtual PCP + $0 Select Drugs)
Provider: Anthem Blue Cross and Blue Shield of NH