The Latest Info on HSA’s |
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"Get
Involved in Healthcare Decisions. Save Money with a Health Savings Plan..."
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| Health Savings Accounts are available for your business: groups, families, and individuals.
You are eligible to establish a tax-deductible Health Savings Account, which earns tax-free interest.
A high deductible health plan (HDHP)must have deductibles between $1,150 to $3,000 for an individual
and between $2,300 to $5,950 for a family. Your insurance network provides discounts on all
qualified expenses, and these expenses apply to your deductible.
When your out of pocket maximum is reached, most plans then pay 100% for all qualified expenses. |
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After you have your HDHP established, you are eligible to open a health savings account.
HSA benefits are a 100% federal tax deduction and you can earn tax-free interest on your account.
 Most medical expenses including
your deductible, prescription drugs, dental care, vision care and
even over-the-counter medications may be purchased using funds from your HSA account.
Why does the HDHP and HSA account make sense? The HDHP plan may save 50% or
more in insurance premiums. The out of pocket medical expenses are paid through your
HSA account creating a tax break. The combination of lower insurance premiums, network
discounts and tax breaks make it a solid, consumer-driven plan. Consumer-driven because
YOU decide how the funds in your account are spent. |
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An HSA is a great health insurance option but may not be the best option for every individual,
family, or group. Please consult the NTI Group to find out if an HSA is best for you, your family
or your business. |
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