As permitted by Federal Law, individuals may elect to purchase a Qualified High Deductible Health Insurance Plan (HDHP) and set money aside each month in a Qualified HSA. The contributions are tax-deductible and the distributions are not taxable, if within the guidelines of the Law. (Note: There are also penalties!) The money set aside in the HSA not only grows income tax-free, but any unused portion can be “rolled-over” to the following years and can even be used for expenses not covered by your HDHP (i.e. dental, vision, etc. - - - see www.irs.gov/pub/irs-pdf/p502.pdf for eligible expenses). For more detailed information, contact your bank or you can view an excellent Q & A at: www.hsamember.com. The Lake-Sumter Medical Society Health Plan will provide a Qualified High Deductible Plan (HDHP). This plan will allow an individual to set aside up to $2,850/year and a family up to $5,650/yr (for 2007) and additional amounts are permitted by law for those age 55 and over. To establish a HSA account, please contact your Mellon Bank. 866-229-6770 www.hsamember.com