You can stop renting your healthcare benefits and take ownership !
HSA’s, recently passed by Congress, are an exciting new alternative approach to funding health care costs for individuals and families.
An HSA (Health Savings Account) works in conjunction with a qualifying HDHP (High Deductible Health Plan).
The High Deductible Health Plan can pay 100% of your eligible medical expenses, including prescriptions after your chosen deductible. Deductibles start at $1,000 for individuals and $2,000 for families.
The Health Savings Account is used to pay for your deductible and other medical expenses not covered by your medical insurance plan. (i.e. optical, dental, over-the-counter medications, etc.)
Advantages of an HSA
- Contributions are 100% tax deductible
- Unused money at the end of the year is retained for the following year, or future years
- Convenience of checkbook and/or debit card for your out-of-pocket medical expenses
- 100% Healthcare coverage ! When you combine a HSA with a qualifying HDHP insurance plan you are addressing 100% of your healthcare benefit needs.
- HSA funds can be used for health care deductible cost, as well as your other health care needs, including dental, optical, and over-the-counter medications
- HSA funds can be used to pay for a long-term care insurance plan
- HSA funds can be used to maintain your health plan if you are disabled
- Funds in your HSA grow tax-free, and when spent for healthcare is also tax-free
- HSA allows you to develop equity during your working years for retirement
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Qualifying HDHP (High Deductible Health Plan)
We offer only the highly rated health insurance carriers with excellent provider options through the top provider networks.
Health Plan Benefits: - 100% major medical coverage after deductible of choice
- $300 1st. dollar wellness benefits before deductible
- Prescriptions discounted before deductible, then covered 100%
HSA (Health Savings Account)
Can be funded up to the amount of your chosen health plan deductible per year with the Bank or Credit Union location of your choice. Services subject to the facility you choose.
Coaching and Advocacy Support from HSA Team
When you make the big step away from the familiar territory of co-pays into a high-deductible environment, you need guidance and a navigating system. HSA Team will provide a Benefit Consultant – an HSA Expert for personal coaching and advocacy support, along with medical, and pharmacy decision support tools. You will have access to resources like 24/7 nurse line, and interactive health decision support system that helps you diagnose over 90% of common ailments, and pharmacy cost comparison information. HSA Team will also provide a user-friendly, professional, medical claim review and settlement assistance to save you money. Our advocacy support system will provide you with timely, valuable information, but will also help you spend your healthcare dollars wisely. YOU take control of your health care expenditures !.
US Treasury HSA Brochure
US Treasury - All About HSAs
US Treasury - Technical Guidance
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