Health Insurance Ohio – Premium Quality HSA Options

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.