Health Savings Accounts

By pairing a high deductible health insurance plan with a health savings account, it is possible to save on the out of pocket costs you spend for insurance each month. First you must get a high deductible health insurance plan that qualifies to be partnered with an HSA. At HSA for America we have several plans that qualify and are from many of the top insurance companies in the United States. They offer several different health plans that are perfect to be coupled with a health savings account.

A Health savings account (HSA) is a great addition to a medical savings plan and is a tax free savings account that allows you to set money aside to be used as your deductible. They can accrue interest as well, just like a traditional savings account would. And because the money is used forHSA qualified medical expenses it is not subject to federal income taxes and will actually decrease the amount of money you pay to the federal government at the end of the year. Who doesn't like paying fewer taxes?

Costs on medical insurance are soaring and it is becoming more difficult to find affordable health plans. Fortunately for us there are such things as health savings accounts to help us be able to stay healthy and prepare for unexpected medical expenses without breaking the bank. Visit HSA for America to find a health savings plan in your state that will fit both your budget and your lifestyle. Staying in good health has never been this easy and this cost effective.