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A
Health Savings Account is an alternative to traditional health
insurance; it is a savings product that offers a different way for
consumers to pay for their health care. HSAs enable you to pay for
current health expenses and save for future qualified medical and
retiree health expenses on a tax-free basis.
You must be covered by a High Deductible Health Plan (HDHP) to be
able to take advantage of HSAs. An HDHP generally costs less than
what traditional health care coverage costs, so the money that you
save on insurance can therefore be put into the Health Savings
Account.
You own and you control the money in your HSA. Decisions on how to
spend the money are made by you without relying on a third party or
a health insurer. You will also decide what types of investments to
make with the money in the account in order to make it grow.
Good Neighbor
Insurance does have Arizona health plans that has Health Saving
Account plans through Health Net, Lifewise, and Blue Cross Blue
Shield and other insurance plans. Please go to
http://www.gnazhealth.com for more information such as benefit
summaries, applications to download, or to apply online and also to
get side-by-side comparisons of these plans. |
