Interested in an HSA Plan?
People shopping for health insurance may have heard about an affordable option referred to as “HSA plans” or “HSA health insurance”.
Actually, the correct name for this health insurance option is High Deductible (HSA Compatible) Plans.
It’s easy to understand why someone would describe High Deductible (HSA Compatible) Plans as HSA plans. These insurance plans can be paired with a special kind of savings account known as a Health Savings Account (HSA).
Health Savings Accounts – How They Work
A Health Savings Account is a personal account that lets you pay for qualified medical expenses with tax-advantaged funds. You, or an eligible family member, make contributions to your HSA tax-free. Then, you can make withdrawals from your account to pay for qualified medical expenses. To learn more about this option, click here.
What makes a health insurance plan HSA-Compatible?
In order to be considered HSA-compatible, a plan has to satisfy the following requirements:
- Annual deductible of at least $1,200 for individuals and at least $2,400 for families
- Annual out-of-pocket expenses required to be paid under the plan (other than premiums) does not exceed $5,950 for individuals and $11,900 for families.
High Deductible (HSA Compatible) Health Insurance Plan – Is It Right For You?
These plans offer benefits including:
- Lower monthly premiums paired with a higher annual deductible
- Covers preventive care, prescription drugs, doctor visits and hospitalization – once you meet the deductible
- Should be paired with an HSA for tax advantages
Does that seem like the type of coverage you need?
Then you should learn more about Aetna high-deductible plans in your area, compare options side by side and get a free Aetna health insurance quote.
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Please keep in mind that all plan types may not be available in every state.