Health Savings Accounts (HSA) have gotten a lot of attention lately.   A few employers offer these accounts and more will probably adopt these high-deductible health care plans to help reduce costs.  We've noticed a lot of banks are allowing individuals to purchase these accounts. 

To qualify to open an HSA you'll have to enroll in a high-deductible health plan.  Kiplingers provides some Health Savings Account basics.

How much can I contribute annually to an HSA?

You can contribute in 2006 the amount of the deductible, up to $2,700 for singles and $5,450 for families, each year to your HSA. And if are 55 or older, you can put in an extra $700.

In 2007 you can contribute up to $2,850 for individual coverage or $5,650 for families (people age 55 and older can make an extra catch-up contribution of $800 in 2007).