Health Savings Accounts (HSAs) are a two-component health plan consisting of a high deductible health plan (HDHP) and a tax-deductible, tax-deferred savings account. This savings acount may be employer or employee funded, and is separate from the insurance policy, which must be "HDHP-qualified", either as an individual-owned personal policy or an employer-sponsored group plan. Almost anyone can take advantage of this form of health insurance coverage.
- TIP: Health Savings Accounts, and Health Reimbursement Accounts, aren't the same, but they are both considered to be consumer-directed health plans (CDHP).
Group HSAs are available for employers of all sizes. HSA plans intended for "business group of one" (BGOO) are medically underwritten, just like with an individual medical plan.
We represent all group carriers and will assist you with determining which is the best fit for you and your family. While HSA plans may look the same, often, rates and features are not.
To learn more about HSA health insurance, read on.
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