 |
|
|
|
|
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.
| What is a Health Savings Account ("HSA")? |
Last Update : 12 September, 2007
| |
|
| 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.
(source: U.S. Department of Treasury, Office of Public Affairs)
Individual & Family Health Plans from Assurant Health offered with and without HSAs:
Free Quote / Buy Online More About the Plans
|
|
|
|
|
|
|
|
