| Reduce Your Ohio Health Insurance Rate...Get a Health Savings Account |
Ohio health insurance premiums have been increasing at an alarming rate. Your Anthem Blue Cross, United HealthCare, Aetna or Medical Mutual premium has probably doubled over the last 4-6 years. And possibly, you rarely turn in claims, other than an occasional preventative visit or prescription.
Reducing your Ohio health insurance rate can be accomplished by considering a Health Savings Account (HSA). Ohioquotes.com http://www.ohioquotes.com is the premier resource for Ohio Health Savings Accounts. Instantly you can view, compare and apply for high quality Ohio plans.
Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003 and are designed to help individuals and families save for future qualified medical expenses on a tax-free basis.
What is a Health Savings Account (“HSA”)?
A Health Savings Account is an alternative to traditional health insurance.It is a savings product that offers a different way for Ohio consumers to pay for their health care. HSAs allow you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis.
You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of an Ohio HSA. An HDHP generally costs less than what traditional health care coverage costs, so the money that you save on insurance can therefore be put into the Health Savings Account. Most Ohio health insurers offer high-deductible plans.
You also own and you control the money in your HSA. Decisions on how to spend the money are made by you without relying on a third party or a health insurer.
What is a “High Deductible Health Plan” (HDHP)?
You must have an HDHP if you want to open an HSA. Referred to as a “catastrophic” health insurance plan, an HDHP is an inexpensive health insurance policy that generally does not pay for the first several thousand dollars of health care expenses (i.e., your “deductible”) but will generally cover you after that.
How do I get an Ohio Health Savings Account?
Go to http://www.ohioquotes.com Ohioquotes.com is the leading resource for Ohio Health Savings Accounts. You'll be able to view, compare and apply for high quality Ohio plans. http://www.ohioquotes.com/hsa-plans will also provide additional information.
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