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Health Savings Accounts: Premium Savings, Tax Advantages, Funds for Health-Promoting Treatment
A smart option for the self-employed and individuals whose companies are dropping health benefits
A Health Savings Account is an innovation for paying for health care that can save you a great deal of money. In order to know if an HSA is right for you, it is very important that you fully understand the federal and your state tax implications, the eligible health expenses, and how much and to what you direct your current or expected out-of-pocket health expenditures.
To gain clarity and determine the suitability of a Health Savings Account for your individual needs, T-Horizons can provide you with expertise from our insurance specialists who are trained and certified in consumer directed health as well as other types of health plans.
It’s about your options
- Choice of health providers
- Treatment without submitting claims
- Funds for Dental, Eye, Chiropractic, and Acupuncture
High Deductible Health Plan (HDHP) is about your health consumerism
- Emphasis is on your total health
- Pay negotiated discounted rates for expenses up to deductible limit
- Out-of-pocket expenses financed from the Health Savings Account
Health Savings Account is about your savings
- Combines with HDHP for lower monthly health insurance premiums
- Funds the deductible
- Federal income tax deductions for money deposited into HSA
- Earned interest and fund withdrawals for qualified medical expenses without penalty
- Unused funds roll over year to year
- Funds can be invested and accumulate for non-medical retirement withdrawals without penalty
A Health Savings Account is a plan that rewards diligence, responsibility, and good health. Learn more.
Direct your questions to a qualified expert in Consumer Driven Health Plan options
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