When you sign in to your account, you can set up onetime or recurring contributions. He had earlier worked in the united states of america for several years where he occasionally. A health savings account can be a big moneysaver for some people. Saver minimalist % 53% savings savings but wait, theres more. Blast off paperback march 1, 2008 by ken mccracken author 5. The more you contribute to your hsa the more you save on taxes. So, if your birthday is right around the corner, go ahead and put hsa deposit on your wish list. Hsa account holders must utilize the 1040 form, and provide form 8889.
Employer contributions would eliminate the selfemployment tax but are subject to discrimination rules. From 19591970 he focused on cosmic ray research, resulting in technology that would protect astronauts from harmful cosmic radiation produced by sun flares. As one of only 8 boardcertified prosthodontists in alabama, dr. Assuming you stay healthy and max out your plan contributions each year, you could have a sizable amount of money. Ken mccracken marks fifty years of space discovery abc. Expect feature improvements and further development of hsa search in the near future. Mccracken is an orthopedic surgeon in warren, new jersey and is affiliated with multiple hospitals in the area. She is covered under an hdhp, but has no hsa at the moment. Mccracken, ao born 7 august 1933 is an australian physicist and leading space scientist, foundation director of the csiro commonwealth scientific and industrial research organisation office of space science and applications and foundation chief of the csiro division of mineral physics. A 2% shareholder in an scorp cannot have a pretax deduction for an hsa through payroll, so that leaves only contributions to the employees hsa by the scorp. John mccracken, md is a family medicine specialist in allen park, mi and has been practicing for 23 years. Health savings accounts hsas were approved by congress in 2003part of the largest expansion of government intervention in medicine in 40 yearsand became law in january 2004.
Mccracken accepts multiple insurance plans including network health plan, humana, and unitedhealthcare. Using this health savings tool, you can save money for qualified medical expenses or save for outofpocket expenses for years to come. Mccracken s phone number, address, insurance information, hospital affiliations and more. He had earlier worked in the united states of america for several. Just like your 401k or ira, hsa contributions provide a safeguard for your financial health security.
Resultsmay vary depending on your individual income tax rate 2 see irs publication 969 for additional details. Health savings accounts or hsa plans for individuals and employee groups hsa accounts or hsa plans allow you to save money to pay for future medical expenses on an income taxfree basis. Cayman islands health services authority hsa, the countrys principal healthcare facility, offers the most comprehensive range of inpatient, outpatient and public health services at seven locations on all three islands, including the 124bed hospital in grand cayman and 18bed hospital in cayman brac. Mccracken is board certified and is a member of the medical society of delaware. Healthquest plan c, j, n, and q hrahsa contribution faqs. A health savings account hsa is a taxadvantaged savings vehicle that lets doctors make taxdeductible contributions, enjoy taxdeferred growth, and make distributions that are taxfree when used to pay qualified medical expenses. Please note, you must use the 1040 form, and not the ez form along with form 8889. He is board certified through the american board of internal medicine in medical oncology and also is a licensed with the national board of medical examiners. John mccracken, md book an appointment allen park, mi. And i was a radio amateur, which allowed me to build transmitters and talk to people all around the world, but i suppose i was doing it in a slightly irregular way so the government. Mccracken has been my primary care physician for over 15 years now. He was professor of physics at adelaide university 19661969, during.
It includes scientists who were australian by birth as well as tho. Hsaqualified hdhps do not allow for traditional office visit or prescription copayments but require that such expenses be applied to the deductible. Employer contributions would need to be the same for all comparable employees. Home health services authority cayman islands hospital. Michael m mccracken, md, a ophthalmologist eye doctor general parker co. Ken mccracken was in the thick of it when it all began, working as a scientist for. Michael m mccracken, md parker, co ophthalmologist.
You should include all contributions made for 2011, including those made by april 17, 2012, that are designated for 2011. Just in case you get hurt, an hsa is there for you. For more indepth content become a member, buy the hsa owners manual by todd berkley or ask a question specific to your situation with ask mr hsa custom answer service. The employee can spend hsa funds at his or her discretion on health care expenses as allowed under the law, or the employee can withdraw the funds for any purpose subject to income tax. Start comparing 646 different hsa providers to find one that meets your hsa needs. At age 55, hsa owners can make catchup contributions, similar to a 401k or ira.
Mccracken, kenneth gordon biographical entry encyclopedia of australian science encyclopedia of australian science is a biographical, bibliographical and archival database of australian scientists and scientific organisations with links to related articles and images. He is so pleasant and has a wonderful heart to do all that he does for the community. Can i contribute to someone elses hsa as a gift and claim the tax benefits. These limits apply to all combined contributions from any source including hsa dollars from incentives, and are based on irs guidelines which may adjust annually. Jessica mccracken, surgery wyandotte, mi sharecare. Explanation of plan c, j, n, and q credits and dollars.
But families who frequent the doctors office may find that an hsa is not the best choice. Bill archer, r, tx, which were also created under a. Ken mccracken was in the thick of it when it all began, working as a scientist for tasmania, helping the us work out that the russians had. Contributions to the hsa are taxdeductible, and any income the hsa earns is taxfree. S corp hsa contributions on behalf of single shareholderemp. He completed a residency at duke university medical center. She graduated from university of pittsburgh school of medicine in 1993 and specializes in pediatrics. Dental staff bessemer, al the foundry dental center. Kenneth gordon mccracken was born in brisbane, queensland on 7 august, 1933. Which form do you use for filing taxes if you make hsa contributions. Which form do you use for filing taxes if you make hsa. She graduated from hahnemann university in 1997 and the christiana care health services obstetric and gynecology residency program in 2001, before joining all about women in the summer of 2001.
Health savings account hsa stewardship services foundation. Mccracken also practices at prevea health in green bay, wi. Thats because we take great pride in offering the most uptodate dental techniques in a relaxed, friendly atmosphere. A health savings account, or hsa, is a custodial account established to receive taxfavored contributions on behalf of eligible active employees enrolled only in a qualified washu high deductible health plan to pay for qualified medical expenses. The employee then gets to take the deduction on hisher personal tax return via form. Mccracken has a long history of academic and clinical research.
I would like to gift an unrelated individual my livein girlfriend some money so she can have a medical procedure. Hsas were preceded by medical savings accounts msas, or archer msas named after longtime proponent, rep. Mccracken is a family medicine doctor in newport news, va. Contributions to your hsa for 2007, contributions can be made to your hsa up to the following. Askmrhsa educational resource for health savings accounts. Mccrackens phone number, address, insurance information, hospital affiliations and more. Richard emigrated to queensland in 1923, studied accountancy in night school. Dennis mccracken, md is a family doctor general, emergency doctor general practicing in lewisburg, tn he has not yet shared a personalized biography with. As hsaqualified health plans continue to expand across the country, we provide the most uptodate information on health savings account implementation, use and strategies to maximize tax savings for employers and consumers alike.
Dr kenneth mccracken became involved in space science early in its history and has conducted pioneering research since the 1950s. We need your feedback in order to make hsa search a. Its also an excellent vehicle for physician tax planning but mo. Contributions made by your employer and qualified hsa funding distributions are also shown on the form. Any individual, who has an approved high deductible health plan hdhp and who is not covered under another disqualifying health plan, can participate in an hsa. The big mistake youre making with your hsa buy and hold. Mccracken scholarship is awarded annually to a student in medicine or a graduate student in another health discipline, with a special interest in geriatrics. His father, richard mccracken, was born in scotland in 1900 and left school at end of primary school to work in the shipyards as a measurer. A health savings account program helps employers and consumers control health care costs.
Mccracken enjoys a dual role of both research at the university and clinical teaching and service at the foundry dental center. Mccracken is a clinical associate professor at the university of texas health science center at san antonio. Mccracken lectures internationally on topics relating to implant dentistry and the restoration of complex dental patients. And youre not the only one who can contribute to your account, anyone can. Report all contributions to your hsa on form 8889 and file it with your form 1040 or form 1040nr. Mccracken, do is a practicing surgeon in wyandotte, mi.
Gary anthony mccracken, md, a dermatologist skin specialist general, dermatologist skin specialist dermatopathology scottsdale az. These contributions must be included in box 1 of the employees w2. As hsa qualified health plans continue to expand across the country, we provide the most uptodate information on health savings account implementation, use and strategies to maximize tax savings for employers and consumers alike. Mccracken graduated from baylor college of medicine in 1980 and has been in practice for 38 years.
See all 3 formats and editions hide other formats and editions. This year marks 50 years since the space age began. Dawn mccracken, md is a pediatrics specialist in perryopolis, pa and has been practicing for 27 years. Mccracken is an absolutely astounding dentist, the best i have ever encountered. Selection will be based on academic achievement and the evaluation of the individual as a role model for excellence in clinical care and research.
697 1468 332 1403 1309 1575 893 1467 466 1019 196 1190 1503 1031 303 796 1195 1323 978 340 59 442 1297 970 29 14 76 930 1103 155 993 588 1084 1129 634 9 1174 1267