Health Savings Account
A high deductible plan is a health insurance plan that features an annual deductible ranging from $1,100 to $5,000 for individuals and from $2,200 to $10,000 for families. Because the deductible is high, monthly premiums are typically lower than they are for other health plans. What’s more, certain high deductible health plans — like BlueEdge Individual HSA from Blue Cross and Blue Shield of Texas — qualify to be used with a Health Savings Account (HSA).
A high deductible health insurance plan with an HSA is probably right for you if:
- You want affordable premiums and a wide range of benefits.
- You don’t expect to have a lot of medical expenses.
- You have enough money saved just in case you have to pay unexpected out-of-pocket health care expenses.
- You want control over your health care choices
What is a health savings account (HSA)?*
An HSA is a tax-favored savings account that is used in combination with a high deductible insurance plan. The money in an HSA helps pay the deductible, as well as any other eligible medical expenses (including coinsurance), that may not be covered by your health plan after you meet your deductible.
What are the advantages of a high deductible insurance plan?
A high deductible insurance plan usually costs less than traditional low deductible coverage, but it can still offer reliable coverage for a wide range of health care services.
See our BlueEdge Individual HSA plan for more information and to get a FREE Quote!
