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Questions & Answers (FAQ)
The categories of Frequently Asked Questions (FAQs) can be found to the right. Simply click on one of the questions below or a category to the right.
15 questions found in
'Individual/Family Health Insurance' | Showing 1-10 Of 15 |
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• I am a North Carolina resident who has been denied health coverage. Are there any options for me?
The state of North Carolina has adopted two alternatives for providing coverage to residents who may be limited in their ability to obtain individual coverage in the priva...
Rating : Not rated Views : 580 Last Update : 0000-00-00
| • Who can help me establish an HSA account?
Insured banks and credit unions are automatically qualified to handle HSAs. Any bank, credit union or any other entity that currently meets the IRS standards for being a trust...
Rating : Not rated Views : 1428 Last Update : 2007-09-12
| • Can I use my HSA to pay for medical expenses incurred before I set up my account?
No. You cannot reimburse qualified medical expenses incurred before your account is established. We recommend you establish your account as soon as possible.
(sou...
Rating : Not rated Views : 1630 Last Update : 2007-09-12
| • May a self-employed person contribute to an HSA on a pre-tax basis?
No. Self-employed persons may not contribute to an HSA on a pre-tax basis and may not take the amount of their HSA contribution as a deduction for SECA purposes. However, they...
Rating : Not rated Views : 959 Last Update : 2007-09-12
| • I don't have health insurance, can I get an HSA?
You cannot establish and contribute to an HSA unless you have coverage under a High Deductible Health Plan (HDHP).
(source: U.S. Department of Treasury, Office of Public Affa...
Rating : Not rated Views : 1903 Last Update : 2007-09-12
| • Does the HDHP policy have to be in my name to open an HSA?
No, the policy does not have to be in your name. As long as you have coverage under the HDHP policy, you can be eligible for an HSA (assuming you meet the other eligibil...
Rating : Not rated Views : 2040 Last Update : 2007-09-12
| • Who is eligible for a Health Savings Account?
To be eligible for a Health Savings Account, an individual must be covered by a HSA-qualified High Deductible Health Plan (HDHP) and must not be covered by other health insura...
Rating : Not rated Views : 1320 Last Update : 2007-09-12
| • How much does an HSA cost?
An HSA is not something you purchase; it’s a savings account into which you can deposit money on a tax-preferred basis. The only product you purchase with an HSA i...
Rating : Not rated Views : 1131 Last Update : 2007-09-12
| • What Is a "High Deductible Health Plan" (HDHP)?
You must have an HDHP if you want to open an HSA. Sometimes referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensive health insurance plan ...
Rating : Not rated Views : 1906 Last Update : 2007-09-12
| • What is a Health Savings Account ("HSA")?
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. HSA...
Rating : Not rated Views : 1914 Last Update : 2007-09-12
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