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 for eligible expenses) .

For more detailed information, contact your bank or you can view an excellent Q & A at:

The MCMS, Inc Insurance Trust will provide a Qualified High Deductible Plan (HDHP). This plan will allow an individual to set aside up to $3,550/year and a family up to $7,100/year (for 2018) and an additional $1,000 is permitted by law for those age 55 and over.

To establish a HSA account, please contact your Plan Sponsor's
Administrative Office at 352-622-9124 for assistance.