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Smart
Health has Specialized in HSA’s { Health Savings
Accounts} and MSA’s { Medical Savings Accounts}
for nearly a decade.
HSA Benefits include:
- Known as the “Super IRA”
- Extremely low Premiums
- Families save up to $5100 a year,
Tax Free
- Like a cafeteria plan except funds
roll over $ grow year after year.
- Can be used for Alternative care,
Naturopathic, Chiropractic, and Dental visits
- Anyone can now qualify for HSA’S
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Choose an option below
to receive a more detailed explanation & see
if an HSA is right for you.
Or read on to find out more.
What
is an HSA (Health Savings Account)? |
An HSA is an innovative
approach to health insurance signed into law in
December of 2003, made available January 1st 2004
An HSA plan has 2 components:
1. A qualified high deductible health insurance
plan
2. An Individual Tax-exempt Trust (savings/investments)
The trust account is designed to pay for routine
medical expenses/and or provide savings for the
future. Money put into the account can be used either
during the year or accumulated in the account. Allowable
medical expenses are defined by the IRS, and are
much broader than most insurance carriers (i.e.
includes dental, vision, acupuncture, alternative
medicine etc). Individuals can deduct dollars contributed
to the HSA account from their gross income, resulting
in tax-free medical dollars. The account is similar
to an IRA account; however it is for qualified medical
expenses. HSA premiums are much lower than other
fully-insured plans with co-pays. In theory, the
funding of the health savings account comes from
the dollars not being spent on a plan which "pays"
for the privilege of co-pays and lower deductibles.
By allowing individuals to keep the money in the
account not used, the government reintroduces the
consumer into the health insurance equation; creating
an incentive to check bills, compare costs, and
evaluate urgency/frequency of appointments. SmartHealth
has been a purveyor of HSA’s and MSA’s
for nearly a decade! You can rely on our experience
& knowledge.
We offer HSA’s
through:
- Regence BlueCross BlueShield
- ODS Health Plans
- Assurant Health
- Lifewise
Contact
us to find out if an HSA is right for you!
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Health Savings Accounts
