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How does an HSA health plan work?![]()
Traditionally, you pay a monthly premium to the insurance company. If you don't use the insurance at all, the money still goes to the insurance company and you will never see it again. Now that is changing, With an HSA health plan, only a portion of the money goes to the insurance company and the remainder goes to your own personal tax-free savings account. Now you have ownership, more flexibility and greater control of your health cost dollars. The lower insurance premium provides a simple high deductible health plan, an HDHP that has no co-pays. The smaller claims are your responsibility and can be paid with tax-free dollars out of your HSA while the insurance will protect you against catastrophic events through major medical coverage.
ThinkHSA is dedicated to helping employers, employees, individuals and families bridle the rising costs of health care.
Contact us today and we will help you each step of the way:
* Requires an application that goes through an underwriting process, which could be declined. Do not cancel any existing health coverage until you are certain of acceptance and approval. |
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HOME | WHAT IS AN HSA | WHAT IS AN HDHP | HOW DOES AN HSA WORK | WHO IS ELIGIBLE | HSA BENEFITS | HSA TAX ADVANTAGES | ABOUT HDHP's | HSA CONTRIBUTIONS & WITHDRAWALS | THINKHSA LINKS | CONTACT US (C)2005 JD Associates. All rights reserved. Call (877) 496-4659 ext.12 or mac@thinkhsa.com ThinkHSA is not engaged in rendering legal or tax advice. If these services are required, you should seek the appropriate professionals. JD Associates is currently licensed in Indiana, Michigan and Ohio.
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