New Member Benefit for Physicians, Their Families,
and their Staff: the CMA Health Savings Account
Take control of your health care finances and earn federally
tax-free interest and investment income
[Posted 11/03/05]

CMA is pleased to announce the new CMA Health Savings Account (HSA) Program for members, their families, and their office staff. An HSA is a tax-exempt account used to pay for current health care expenses and save money for future expenses.

To open an HSA, you must be covered by a qualified high deductible health plan (HDHP). Since HDHPs generally cost less than traditional health plans, the money you save on monthly premiums can be deposited to your tax-exempt HSA. Not all “high deductible” plans qualify; the policy must conform to the HSA design specified by Congress.

CMA has partnered with Marsh Affinity Services and UMB Bank to simplify the HSA process, combining all of the necessary elements into one product. Whether you need a qualified HDHP or just want to open an HSA, you can do it all at CMA’s HSA Access Point, http://www.cmanet.org/hsa.

The CMA HSA has several unique features, including online enrollment and online account access. (You will be issued a digital certificate that will enable you to securely access your HSA online.) You will also be issued a special CMA HSA debit card.

There is no setup fee to open a CMA HSA. Monthly account fees are low and there is a broad array of options for investing your account balance. HSAs are fully portable and there is no rollover fee to move your account balance from another bank.

To maximize your federal tax deductions for 2006, you must complete the enrollment process by December 15.

CLICK HERE to log in to the CMA HSA Access Point.

Contact: CMA HSA Customer Service (provided by Marsh Affinity), 800/842-3761.