Health Savings Accounts | How Do Health Savings Accounts Work

Health Savings Accounts - HSA

As a business owner you are also probably a homeowner, building equity in your home as time passes. There is a health insurance product that allows you to do the same, build equity enabling you to reduce and control your monthly health insurance expenses, yet maintain the coverage integrity and continuity.

An Example of How Health Savings Accounts Work

ACTUAL CASE
Traditional PPO

MALE, 53, FAMILY*
HSA Monthly Premium

Monthly Premium

$1,047

$507.02

Office Visit Copay

$25

Deductible then 100%

Deductible

$500

$5,150

Co-insurance

100%

$10/25/50

Deductible then 100%

Maximum
Out of Pocket Cost

Family $1,500
(3 x $500)

$5,150

Annual Cost of Insurance

$12,564

$6,084.24
The difference is $6,479.76. The maximum allowed by law is $5,150 that can be deposited into the account.(equity)

WORSE CASE SCENARIO

Total Cost of Insurance
and Deductible

$14,064

$11,234.24

*Rates based on age, sex, family status, and medical condition: i.e., younger applicant, lower rate.

Let Us Show You How The HSA Plan Works!
Click on the image below to enlarge.