A Health Savings Account Plan - The Smart Way to Insure Your Health™

Did you know? A health savings account plan is the only way you can pay routine medical bills with tax-free dollars. HSA plans are wildly popular today; in fact, over 5 million people have enrolled since Jan. 2004. (The medical savings account was renamed health savings account by an Act of Congress in late 2003.) If you have ever wondered why so many people are enrolling in HSA insurance plans, it's simple, really.

The main reason people enroll in HSA plans is the huge premium savings. As outlined below, the first step in establishing a health savings account is to obtain coverage under a so-called "high deductible health plan" (or "HDHP"). Huge premium savings are often realized by switching from a high priced plan (with low deductibles and co-pays) to a low cost HSA insurance plan with a high deductible. Of course, special tax advantages are an added bonus. Premium savings combined with tax savings add up to create an unbeatable solution to the high cost of healthcare. Truly, in the long run, it is impossible to beat the cost-effectiveness of a health savings account.

How our agency can help. Our insurance agency has specialized in high deductible plans since 1980. We've marketed health savings account plans continually since 1999 (when they were known as medical savings accounts). We would be appreciate the opportunity to help you establish your new HSA insurance plan with an accompanying health savings account.

Our focus is two-fold: 1) quality coverage and 2) quality service. To ensure quality coverage, we only recommend highly rated insurers that offer high-quality insurance contracts for their HSA-qualified high deductible plans. Our service is second to none and we think you'll see the difference made by almost 3 decades of experience.

I was very impressed with your service. After walking us through the HSA from start to finish, then you found a high quality plan with a major company and saved us over $7,000 a year. You truly are "the HSA king."  J.S. Reno, NV

Enrolling in a new health savings account plan is a 3-step process:

1) First, learn how a health savings accoun tplan works. To do so, you're at the right place -- our site has the most comprehensive HSA insurance information on the 'net. (This step is optional, but at some point, it's important to learn the "rules of the road" regarding annual contribution maximums, etc.)

2) Most likely, you'll need to apply for a new high deductible health plan that is properly qualified to work with a health savings account. By law, the first step in establishing HSA-eligibility is to become insured under a properly qualified HSA insurance policy. Our agency provides quotes on over 300 high deductible plan designs from all of the major, A-rated insurers -- just click on the "Get Quotes Now" button to get started. (NOTE: most existing policies are not HSA-qualified under the tax law, even those with so-called "high deductibles")

3) Finally, open and begin funding the actual health savings account. We help our insured clients establish their new HSA account at any of several highly regarded financial institutions. (Remember, don't open your health savings account until you are properly insured under a properly qualified HSA insurance plan.)

Here's a great example of how an HSA plan really works, taken direct from our case files. Bob and Carol live with their 2 children in the greater Nashville area. They have a typical life in the 'burbs, even to the extent of replacing their gas guzzler with a hybrid. When their prior medical plan jumped from $580/month to $750/month, they called us for help.

First, we analyzed their situation. We realized that they were ideal candidates for a health savings account plan for several reasons, including:

A) they pay 100% of their own health plan premiums (so every dollar paid on insurance was important);
B) they utilize minimal Dr's visits and Rx drugs every year; and
C) they rarely, if ever, meet their individual deductibles.

Next, we recommended an HSA-qualified high deductible plan that pays 100% of covered expenses after the deductible (features vary from plan-to-plan). Because they have two children, they opted to add a benefit that reduces their deductible to only $100 for accidents. Even with the added cost of the accident deductible buy-down, Bob and Carol still realized over $6,000 in savings. If your family sounds like Bob and Carol's, then the health savings plan option may make sense for you.

Of interest: You can click here to see a graphic display of the before and after cost-analysis utilized by Bob & Carol in selecting their new HSA plan (new browser will open). This graphic display is a well-defined "short-cut" to understanding the HSA insurance plan concept. Of course, the actual numbers will vary on a case-by-case basis.

Knowing your actual HSA plan premium is the key factor in determining whether a medical savings account plan makes sense for your family. In other words, all of the research in the world is irrelevant if your actual premiums are going to be too high to justify adoption of the plan, or if an acceptable offer of coverage will not be available due to health history, etc.. So, if the concept makes sense, then getting quotes for the high deductible insurance policy that is required for a health savings account plan is the next logical step. Just click the orange "GO" button toward the top of this page to get started.

Our promise to you: When you deal with our agency, you deal only with our agency! You will not be bombarded with phone calls (and emails) from 20 different agents when you use our quoting service. Unlike the majority of so-called insurance sites on the net (that often have no licensed agent behind them), we are an actual brick and mortar insurance brokerage that is duly licensed in most states. We would appreciate the opportunity to compete for your health insurance business -- even if you do not want an HSA plan, we still can help you save some serious money with a "non-qualified" high deductible plan. We'll do everything possible to make the experience a pleasant one.

I finally did it -- I joined the blogging world. Check the blog link on the top of the page.

The other thing that's unique here is the growing collection of my White Paper Reports. These reports represent a collection of some of the insider secrets I've accumulated in my career as a benefits advisor, dating back to 1980. Just click the appropriate link in the right column menu bar to see the complete list of reports. Some of the topics include:

• How to Buy a Health Insurance Plan (general topic, not HSA-specific)
• The Magic of High Deductibles (applies to any kind of insurance)
• How Much Does a $20 co-pay Really Cost? (our most popular topic, for some reason)