HSA, Health Savings Account, Benefits

As Individuals, Your HSA Benefits are:

• Gives you the opportunity to save money on costs of health insurance
• You have a wider range of options with health care dollars
• Allows you to save money on Taxes
• Possibly helps you gain a stronger awareness of personal responsibility in making lifestyle and healthcare choices
• Permits you to build reserves for future medical expenses or for your retirement
• HSA, Health Savings Account, premiums are usually lower than other fully-insured plans with co-pays.
• Because of having HSA you can keep the money in the account not used, thus the government has reintroduced you and other consumers to the health insurance equation; giving you and other consumers a strong incentive to check bills, compare medical costs, and evaluate your urgency & frequency of appointments.

What Are Components of HSA?

An HSA plan has 2 components:

1. A qualified high deductible health insurance plan
2. An Individual Tax-exempt Trust (savings & investments)

The trust account is designed to pay for your routine medical expenses and or to provide you the opportunity for savings for the future. The money you put into your HSA account can be used either during the year or you can have it accumulate in your account.

The allowable medical or healthcare expenses are identified and defined by the IRS, and have a much broader range than most insurance carriers, example includes dental, vision, and other. Additionally, when individuals deduct dollars contributed to their HSA, Health Savings Account, from their gross income, thus they are having in-return tax-free medical dollars. Having a HSA account is similar to having an IRA account, yet in the case of HSA account it is for qualified medical expenses.

Contact ZIS for Advice

Contact ZIS support team for help and advice on choosing the best health insurance plan that fits your needs and to get quality service and honest advice.

• Contact us toll free at: 1- 877- 990- 3808
• Or e-mail us with your questions and request at: zis@zisinsurance.com