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Overview
On December 8, 2003, the concept of Health Savings Accounts was created by
the passage of the Medicare Prescription Drug, Improvement and Modernization
Act of 2003. This program combines the lower premiums of a higher deductible
medical plan with a tax-advantaged savings account. (See
Government HSA brochure)
Some of these advantages are as follows:
- Contributions to the HSA are tax-deductible - - just like an IRA.*
- The money in the HSA grows tax-free.*
- Withdrawals for covered medical expenses are not taxed.* (click
here for a list of qualified expenses)
Quote & Apply On-line (Individual Plans)
Click on each of these links to get quotes or apply on-line for each of these
quality carriers:
Anthem
Direct Link
CelticSaver
HSA Link
Golden Rule (coming soon)
HSA Articles
Here are some recent articles regarding HSA plans:
An interesting article on the rationale behind changing to a higher deductible
medical plan for employees/individuals (See
article)
A New York Times article about the need for additional educating on
HSA's (See article)
Two new concise brochures from the Treasury Department regarding the federal
tax savings of HSA's (Article 1) (Article
2)
HSA/HRA/FSA Comparison
ConnectiCare article on commonly asked questions
about HSA's
Business Week (November 8, 2004)
"HSA Road Rules"
HSA Fact Sheet
hsainsider.com
This is a comprehensive website that has info regarding carriers (per state),
q&a section, and other valuable information regarding Health Savings Accounts.
(Click here)
HSA Video
Click here to watch a 10 minute video on the basic advantages of an HSA plan.
*Subject to limitations and restrictions. Please contact your tax advisor if
you have specific questions.
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Notices
All forms on this site are in .PDF format.
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