2013 HSA Changes

Be Prepared for the 2013 HSA Changes!

As your "Health Insurance Expert," The Health Insurance Shoppe wants to keep you informed and prepared. The following data for 2013 was recently released by the IRS for Health Savings Accounts (HSAs):

HSA contribution limits

$3,250 for self-only coverage (up $150 from 2012)

$6,450 for family coverage (up $200 from 2012)

HSA catch-up contributions (age 55 or older)

$1,000 (no change)

HDHP minimum required deductibles:

$1,250 for self-only coverage (up $50 from 2012)

$2,500 for family coverage (up $100 from 2012)

Out-of-pocket maximum:

$6,250 for self-only coverage (up $200 from 2012)

$12,500 for family coverage  (up $400 from 2012)

Are you considering applying to BCBSIL?

If you are considering on applying for health insurance coverage with Blue Cross and Blue Shield of Illinois (BCBSIL), this is what you need to know...

1. BCBSIL has a 12 month waiting period for pre-existing medical conditions; which are conditions that were consulted, diagnosed or treated (current prescriptions other than contraceptives) within the 12 months prior to application  the waiting period will be waived if you have had 12 months of credible coverage with any Blue Cross and Blue Shield carrier, without a gap in coverage greater than 63 days
2. BCBSIL is the strictest when it comes to placing condition specific exclusion riders
3. If you are currently seeking therapy/counseling you will not be offered coverage
4. Maternity coverage is a optional benefit at additional monthly premium that has a 12 month waiting period before maternity benefits are covered
5. The earliest effective date is 14 days from the time application is received or at your request past the 14 day period
6. BCBSIL will debit your initial monthly premium prior to approval to receive a refund if coverage is declined

For further information on BCBSIL plans please contact The Shoppe.

Thanks,

Jordan