HSA Plans offer quality coverage, savings
HSA Plans have two components: a lower cost,
high deductible health insurance plan and a
tax-favored health savings account.
The money you save on premiums can be put into your
tax-favored health savings account (HSA). You can
withdraw the money to help pay your deductible or other
qualified health care expenses. Once your deductible is
met, the insurance plan starts paying for covered expenses.
Your unspent savings roll over year after year.
Lower premiums, tax-advantaged savings, and an attractive interest rate*
The money you save from reduced premiums can be put into your Health Savings Account -- tax deductible.
Your health savings grow tax-deferred, and can be withdrawn tax-free to help pay your deductible or for
other qualified health care expenses like prescriptions, vision, or dental care.
What you don’t use will continue to accumulate year after year. Then, if you ever need it for health care
expenses, the money will be there.
You’ll earn interest on your savings, beginning with the first dollar deposited.
*See HSA Insert for important information.
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Who might benefit most from an
HSA plan?
•
Anyone interested in more control over how
their health care dollars are spent.
•
Families interested in one annual deductible
per family.
•
Those interested in trading low deductible
health insurance for a higher deductible plan
to save money on monthly premiums and taxes.
Health Savings Account
(HSA)
Plans
How HSAs Work
Traditional Insurance
Premium $
High Deductible
Insurance Premium $ HSA $
