Health Savings Accounts

Health Savings Accounts (HSA’s) are an important and welcome option for many Americans as a means to fund health care expenses.

What is an HSA? 

The HSA is a two-component health plan that consists of a:

• Tax-deductible, high deductible catastrophic health insurance plan

and

• Tax-free claims expense reimbursement and tax-deferred savings plan 

Why choose an HSA, or Health Savings Account?

Available to:

• Individuals, families and employers

Affordable

• Personal contributions are 100% tax deductible.
• Contributions may be made each year up to the annual limit as indexed to the Consumer Price Index with additional "catch up" contributions allowable to account holders age 55 and older.

Flexible 

• Open choice in doctors and hospitals
• Discounted network-linked models
• Freedom to seek out and negotiate services from any doctor

So, whether you are an individual or a business owner and would like to offer your employees health benefits, it is critical that you talk to a professional to find out more.