Health Savings Accounts allow you to pay for approved medical care expenses with pre-tax dollars from your HSA personal account. Good News, the tax-free dollars can be contributed to the account by yourself and also any other eligible family members and even your employer.
How do HSA’s Work?
One of the major benefits of an HSA is that should you change jobs or health insurance coverage, your HSA account goes with you, you own it. You also do not lose the money over time, thus, allowing you to save towards future medical expenses. Keep in mind an HSA allows you to also use the monies for health, dental and even vision expenses.
- You may use available HSA health insurance funds first to pay the cost of covered medical expenses and prescriptions.
- Unused funds rollover year-to-year.
- Unlimited choice of providers. If you see in-network providers, you may pay less for your care.
Plus, 100% coverage for nationally recommended preventive care services with no deduction from your HSA and no out-of-pocket costs to you if you see an in-network provider.
Traditional Health Coverage
- A comprehensive health plan provides added protection for you and your family after you have met your plan’s annual deductible.
- Traditional Health Coverage begins after you have used your HSA balance (if you choose to use HSA funds to pay for covered services) and paid a limited amount out-of-pocket – called your Bridge – needed to satisfy your plan’s annual deductible.
For your FREE CONSULTATION call me today at 877-549-1212. 30 years of expertise helping people find affordable health insurance solutions.