Where do I get a high deductible health plan?
Ever since the HSA was introduced in late 2003, these tax-friendly
healthcare savings accounts have been gaining national popularity.
Why? Because Health Savings Account holders are allowed to contribute
portions of their income on a tax-free basis.
Their withdrawals are used to pay for eligible medical expenses,
tax free! And the cash amounts in HSA Accounts can be freely
invested in stocks, bonds, certificates of deposit or mutual
funds!
How HSAs Work With High Deductible Health Plans:
- Your HSA Account is combined with a High Deductible Health
Plan
- You put tax-free money in the account and use it to pay-off
your medical expenses up to the insurance policy's annual deductible.
- Once that mark’s been passed, the Health Deductible
Health Plan starts paying the remainder of your medical bills.
In general, the annual premiums that come with high deductible
plans are cheaper than those of traditional POS Plans, PPOs and
even HMOs. Often referred to as “catastrophic-care” health
plans, HDHP’s are a relatively inexpensive form of health
insurance that generally won’t cover your initial medical
expenses (co-payments, etc.), but does provide for your needs
after that.
Where Can I Find the High Deductible Health Plan I Need
to Combine With an HSA?
Because HSAs have become increasingly popular, more health insurance
carriers are making these high deductible plans available to
their customers. HSA compatible health policies ranging from
open access HMOs, PPOs, Fee-for-Service and Point-of-Service
plans are available from high-profile carriers such as:
- Blue Cross and Blue Shield
- Anthem Blue
- UniCare
- Humana One
- Golden Rule
- Assurant Health (formerly known as Fortis Health)
And more!
You can also get a free quote for either an HSA Account or a
High Deductible Health Plan right here at HSA Pros.
 |
