Tuesday
HSA Insurance - What it is and How to Get It
HSA insurance provides individuals, families, and the self-employed with a valuable, affordable health solution that can be used with a tax-advantaged health savings account. Here are the main benefits of HSA insurance, and more about how you can benefit.
There are two main parts to HSA Insurance:
The Health Plan
When looking for a health plan that is compatible with a health savings account, you want to be sure that the plan is "qualified" by the internal revenue service. Plans that are qualified are usually called "qualified high deductible health plans." This allows you to pay for many of your medical expenses with pretax money.
The Health Savings Account (The Financial Account)
Once you have a qualified high deductible health plan you are eligible to open up a health savings account. Normally you can visit your local bank or credit union and they will help you open up your account. Also most companies who offer qualified high deductible health plans have preferred financial partners that can help you open up and maintain your health savings account.
Using the Best Free Resource to Help You Find Your Plan
Using a free, local, independent agent is the best way to make sure you find the best plan at the most affordable price. Normally you do not pay an agent for helping you. But, they do get paid from the insurance company if you purchase the plan, and rightfully so. The best part is that the plan costs the same whether you purchase directly from the insurance company or from your insurance agent. So take advantage of this valuable resource.
Purchasing HSA insurance is the answer to many people's health care situation. On top of lower your premium drastically, you are able to pay for your medical expenses with pre-tax money, and have excellent major medical coverage.
Jared_J._Balis
