HSA PLANS

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Overview
HSA Plans (Health Savings Account Plans) consist of a high deductible health insurance plan and a separate bank account.

The High Deductible Health Insurance Plan
An HSA qualified health insurance plan is a plan with a high deductible and other unique plan features that the IRS requires in order to qualify as an HSA plan (for example: a $1,500 deductible per individual and a $3,000 deductible per famliy). These plans must be designated by the insurance company as an HSA plan.  HSA plans are signficantly different than regular health insurance plans.

The HSA Bank Account
If you purchase an HSA qualified health insurance plan, you may open up and fund an HSA bank account (available at many banks) with pre-tax dollars.  You may then use those funds to pay for out-of-pocket medical, vision and dental expenses on a tax-free basis.  If you do not use your HSA bank account funds in a given year, they accumulate year to year.

Our Recommendation
HSA plans are a good option for some individuals, but because HSA plans have complex rules, Affordable Insurance, Inc. chooses to sell them after a personal consultation with one of our Marketing Representatives.  If you are interested in receiving a quote or information about an HSA plan, please call 1-877-466-1999.