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Health Savings Accounts |
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"A health savings account is a good deal, and all Americans should consider it ... These accounts will be good for small business owners and employees ... This will help more American families get the health care they need at the price they can afford."
- President George W. Bush
In the attempt to provide help and affordable options in health insurance to Americans, the idea of the Health Savings Account (HSA) arose.
- HAS 's low rates save your premium and reduce taxes!*
- HAS offer new saving and investment opportunities!
Interested? Read on...
Health insurance is intended to protect you and your family from financial hardship due to unforeseen medical expenses. It's smart to buy the protection you need without paying for things you don't. After all, if you don't use your coverage...the insurance company won't return your premiums!
Health Savings Accounts are available as of January 1, 2004 thanks to an innovative, permanent federal law designed to make health care affordable and allow for the accumulation of tax-free money in the process. The HSA is combined with a qualifying high deductible health insurance plan to provide major medical protection and significant premium savings.
- The premium savings on an HSA plan is up to 50% or more* versus a typical low deductible plan.
Tax Advantages:
- Contributions to the HSA are not taxed.
- The earnings on the money in the HSA are not taxed.
- Use of the HSA money is tax-free for qualified health expenses.
A qualified high deductible plan with a Health Savings Account, (HSA) can significantly lower your premiums, provide considerable tax advantages and give you the opportunity to accumulate an impressive nest egg. *
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