Traditional Health Insurance Plans – which include POS and PPO Plans as well as copay plans and upfront deductible plans.
Health Savings Accounts (HSA) are a recent alternative to traditional health insurance plans.
HSAs are basically a savings product designed to offer individuals a different way to pay for their health care.
HSAs enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.
Instead of paying a premium, you establish a tax-free savings account that covers your out-of-pocket medical expenses. This means that you own and control the money in your HSA. You make all decisions about how to spend the money without relying on a third party or a health insurer. You also decide what types of investments to make with the money in the account in order to make it grow.
However, if you sign up for an HSA, you are generally required to buy a High Deductible Health Plan as well.
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We are licensed in the following States/Provinces:
Connecticut – Arizona – California – Georgia