Florida Health Insurance Advisors
 

What is an HSA?

The Health Savings Account is also known as an HSA and is a way to exercise control over your health insurance and your medical expenses.

couple-buys-health-savings-accountThe HSA is gaining popularity these days especially for people who would like to save on their Health Insurance premiums.

With an HSA  you're able to save on that monthly premium expense yet also be able to put money in your special, tax free HSA account just for that time when you need to pay for the little thing, not covered by your high deductible policy. Now you can earn interest on tax free money and save money on your premium as well.

What an HSA does  is combine a higher deductible health plan with a tax free savings account.

The heath Savings Account is used to pay for minor expenses, including many items not normally deductible as a medical expense, including over the counter medications and dental.

Once you have satisfied your deductible and or co- insurance your carrier pays 100% of your bills. You also have a single family deductible with HSA’s, not a per person times 2 or 3 family members.

If you never need to use your health savings account money, it stays in your account and earns interest. This is yours to use for most medical expenses from over the counter drugs to doctor visits to dental and vision bills. Even if you change plans or companies the money put aside is yours.

Most companies now use a debit card system linked to your Health Savings Account so you have your funds available to use when you need to. Florida Health Insurance has top rated HSA carriers and we are more then happy to shop, compare, and show you your best options.

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