Steps to an HSA (Health Savings Account) health plan:

1. Obtained a qualifying high deductible policy. See our “Under 65 Health Insurance” page to review companies offering this type of health plan.

2. Once your high deductible policy is approved with an official start date, open your Health Savings Account (HSA). Apply online through this outstanding FDIC bank that has won numerous awards for low fees and efficient HSA services.

3. Manage your HSA account in any way you like. The only limits are maximum annual contributions — $3000 for an individual and $5950 for a family. See IRS 2009 rules. Your HSA account can grow as large as you wish. Yes, enjoy a very powerful tax savings opportunity.