Health Savings Account

10 03 2009 Autor: Administrator

The approach to a Health Savings Account or HSA is to combine a High Deductible Health Plan (HDHP) with the HAS. Payment for medical expenses not covered by the health insurance policy or other qualified healthcare services can be taken out from the HAS. The initial step is to make sure that your current health insurance coverage meets the legislative meaning of what is a High Deductible Health Plan. Many policyholders make the mistake of thinking that they actually have a HDHP when in fact their policy does not meet the definition of a HDHP as set forth by law. It is important to establish this fact prior to continuing with the other necessary requirements for an HSA.

 Posted on: Tuesday, March 10, 2009 at 2:11 pm and is filed under the category Basic Information.
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