Saving
Money with a Health Savings Account
A health savings account,
or HSA, can save you
hundreds of dollars annually on your health insurance
premiums
Those under
age 65 who buy a qualified
health insurance plan, a high deductible health
insurance plan with with a deductible of at least $1,000
per insured and $2,000 for families, can open a health
savings account.
An HSA allows you to set
aside pretax dollars to cover medical expenses.
The amount that can be set aside is equal to the health
insurance policy's annual deductible (with maxing out at
$2,600 for singles; $5,150 for families).
The money can be used for
medical expenses, but anything left over grows tax
deferred.
In many cases, the cost savings from purchasing a
high-deductible policy (low premiums) make up for the
higher out-of-pocket medical expenses you'll have to pay
-- not to mention the tax benefits that an Health
Savings Account offers.
I'd like to
get a quote on available health savings account options.
More information
about Health
Savings Accounts, and what you need to know about them
before making a decision.
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