Leading providers of health insurance in Ohio offer premium quality HSA options to help you save for your current and future qualified health expenses on a tax-free basis.
A Health Savings Account (HSA) is a great option to save for your current and future qualified health expenses on a tax-free basis. You have to be covered by a High Deductible Health Plan (HDHP) and not have any other insurance in order to open a health savings account. Leading providers of health insurance in Ohio offer premium quality HSA options.
HSA-HDHP Combination offers Many Benefits
HDHPs offer conventional health coverage and come with a fairly high annual deductible and lower premium. Plan coverage starts when you have met your annual deductible. HSAs can help you budget and pay for your deductible and other qualified medical expenses. The money you put into this account as well as withdrawals for medical expenses are tax-free. Enrolling in an HSA offered by an established health insurance Ohio company offers residents many benefits:
• Low month premiums
• Wide choice of doctors and hospitals
• Tax-free interest on deposits
• More control over your healthcare funds
• Funds get carried over from year to year
All the money you put in your HSA and the interest earned belong to you. You can keep your HSA even when you change health insurance Ohio plans or retire.
HSA Plans from Leading Providers of Health Insurance Ohio
- An Anthem Blue Cross Blue Shield HSA provides you with a JPMorgan Chase Bank debit card for easier access to the funds in your account and check-writing availability. Besides online account management services, you have the option to invest in mutual funds offered by Chase.
- Humana One offers two HSA plans for Ohio residents: Autograph Total Plus Rx/HSA with individual coverage annual deductible options (combined medical/prescription): $1,500 | $2,500 | $3,500 | $5,000, and Autograph Total HSA with individual coverage annual medical deductible options: $2,000 | $3,000 | $4,000 | $5,200. Autograph Total Plus includes prescription coverage. Both plans cover illness/injury doctor's office visits, inpatient hospital, and outpatient hospital services are paid at 100% after deductible for most covered medical expenses, when you use an in-network provider as well as preventive care (100%).
- Medical Mutual of Ohio offers SuperMed HSAs that comprises a Qualified High Deductible Health Plan (QHDHP) and a health savings account. Maximum combined out-of-pocket expenses of co-insurance and deductible of $5,950 individual/$11,900/family (2010 amounts) applies to in-network expenses. Medical Mutual members are offered a choice in HSA administration by three banks at no additional fee.
Contact a Licensed Health Insurance Broker in Ohio
Health savings accounts are a wise option in these financially pressing times. So when it comes to finding health insurance in Ohio, locate a knowledgeable health insurance agent who can provide you with the right guidance to choose from these premium quality HSA options.
How Your Ohio Health Insurance Plan Works
The right Ohio health insurance plan is one that would pay for the medical expenses that you cannot afford on your own. To choose the right plan, it’s important to understand how the different aspects of your health insurance work.
Why Ohio Health Care Costs Are Rising
Ohio health insurance premiums are rising. This is mainly due to increasing health care costs. It’s important to understand the factors that contribute to rising costs of health care. Controlling these factors can help to slow down the rise in premiums.
Newly Released Federal Requirements to Change Ohio Health Insurance Scene
The Obama administration has taken steps to implement the provisions of healthcare law which will change the Ohio health insurance scene in many ways. More people will have access to coverage, though it may raise costs for some.
