Health Savings Account (HSA) |
There are several California
carriers that are now offering HSA compatible plans. HSA's are available
to individuals and employer groups. All of these
products must meet certain IRS requirements which include high
deductible plans with no first dollar-medical coverage.
Signed into law
by President Bush on December 8, 2003, Health Savings Accounts are
designed to allow consumers to put money away in a special account to
save for future medical expenses. The United States Treasury Department
has new a downloadable tri-fold that clearly explains HSA's including
information on how contributions and withdrawals work.
Please contact our office for more information on how a HSA plan
could work for you.
