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FREE:
(877) 884-9823 or
(866) 988-6858
E-MAIL:
INFO@TEXASINTERNETINSURANCE.COM |
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Health
Savings Accounts
& HSA Health Plans |
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CLICK
HERE for rates,
benefits descriptions and applications, or to compare
rates and benefits for HSA health insurance plans. |
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Do
you know
about
Health Savings Accounts - HSA's (Medical Savings Accounts
- MSA's)? HSA Health Insurance Plans used together with a
Health Savings Account (Medical Savings Account)
can be a significant cost saving for individuals
and families. To compare PPO and HSA (MSA) plans’
costs
CLICK HERE.
Having a Health Savings Account (Medical Savings
Account) lets you pay health care expenses in a
way that also helps you save on your taxes. The
Health Savings Account (Medical Savings Account)
is a tax-exempt personal savings account - similar
to an Individual Retirement Account (IRA) - used
to pay for medical expenses.
The first requirement to establish an HSA (MSA) is
purchasing a Qualified High Deductible Major
Medical Health Insurance Plan, a medical savings
health insurance plan.
Money held in the HSA (MSA) may be used for
out-of-pocket costs such as deductible costs,
copays and coinsurance, and to cover costs not
covered by traditional health insurance. For a
list of qualified medical care expenses
CLICK HERE.
Any money held in your HSA (MSA) and not spent
will carry forward a balance from one year to the
next. This is an advantage over the Internal
Revenue Code Section 125 "use it or lose it"
cafeteria plans.
HSA (MSA) Major Medical Health Insurance Plans
offer consumers a number of real advantages in
today's health insurance market:
- A broader range of health care services and access
to pre-tax funds to pay for services not typically
paid by ordinary health insurance plans. For a list of
qualified medical care expenses
CLICK HERE.
Tax advantages - tax-deferred earnings, tax free
qualified withdrawals, and tax deductible
contributions.
Lower monthly premiums.
Greater control and choice over your health care
dollars.
To open a Health Savings Account (Medical Savings
Account), a taxpayer must be under 65. The HSA (MSA)
can be opened once a high-deductible major
medical health insurance policy has been
purchased. Your HSA (MSA) health insurance premiums
can not
be paid from deposits made to the HSA (MSA)
account; the cost of the major medical insurance
is separate from those funds held in the Health
Savings Account (Medical Savings Account).
Like to learn more about HSA's (MSA's) and receive
a quote?
CLICK HERE! |
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