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Health Insurance: Health Savings Accounts

 

 

How does an HSA work?

You obtain coverage under a qualified health insurance plan with a minimum deductible of $1,050 for singles and $2,100 for families.

 

Each year you’re allowed to save 100 percent of the health plan’s annual deductible, up to $2,700 for singles and $5,450 for families in 2006 (in most states). Older Americans can save even more!

 

You use the savings account to pay for your lower-dollar medical expenses, or those that aren’t covered by the health plan.

 

Once you meet the deductible, the health insurance covers your medical expenses as defined in the policy.

 

 

> Click here for more info on Health Savings Accounts

 

 

Unsure of how much coverage you should have? Click here>

 

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Summit Insurance Agency

5170 Darrow Rd. 
Hudson, Ohio, 44236
Phone: (330) 655-0655
E-Mail: info@summitinsurance.net 

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