Know What to Look for in Health Savings Plans in NC
Health Savings Plans Can Save You Money
These days, more and more people are taking proactive steps in how they manage their money and their health-care needs and a health savings plan is the perfect tool to help them accomplish both of these goals. Health savings plans in NC offer an alternative way to pay for your health-care and medical costs that in the end, actually produces a cost-savings for the user. Of course, knowing what to look for in a health savings plan is the key to finding one that best fits your lifestyle and budget.
Health Savings Account Requirements
Not everyone is eligible for enrollment in a health savings account (HSA). These types of plans are designed for people who have a high-deductible health insurance plan already in place. If you already have a high-deductible health insurance plan, then you qualify for a health savings plan. If you do not currently have a high-deductible health insurance policy, then you need to purchase one and have it effective prior to signing up for a health savings account.
How Much Can I Deposit in My Health Savings Account in NC?
For 2012, account holders can deposit up to $3,100 for a single account or up to $6,250 for a family account. The amount deposited is non-taxable when used to pay for healthcare-related costs, including any funds added to the account up until April 15 of the following year. For instance, any funds (up to the limit amounts) added up until April 15, 2012 will be eligible to be used as an above the line tax deduction on your 2011 taxes. Since the funds in the HSA are non-taxable, this automatically provides you with an instant tax reduction on that year's taxes.
Why Choose a Health Savings Plan in North Carolina?
A health savings account helps you save money because it allows you to lower your monthly health insurance premiums by choosing an insurance plan with a higher deductible. By making this change alone, you can save up to 50% on your health insurance costs and this money can be deposited into the health savings plan where it will be non-taxable.
In order for the money you save to remain non-taxable, it can only be used for medical purposes like paying for prescriptions and over-the-counter medications, doctor copays, surgical procedures (including some elective surgeries), medical supplies and other health-related needs.
Choosing the Right Health Savings Plan for You
Before you choose a health savings plan, you should first get a few different quotes for high-deductible health care plans and then compare coverage options. An agent can help you determine the best type of plan for your coverage needs and your budget concerns that still allows you to be eligible for a health savings account.
Schnitzer-Slate Insurance has several customizable health-care insurance plans for singles and families alike, including Blue Options HAS, which is BCBSNC's combination high-deductible health insurance policy and health savings plan. This one-stop solution makes it easy and affordable to get the coverage you need with the health savings plan you want to help you save money.
If you want to learn more about health savings plans in NC, or any of our other health, dental or life insurance plans, just visit our website athttp://healthplannc.com/ or call us at 910-392-7020. We'll be more than happy to assist you in finding the perfect plan to suit your needs.
Health Savings Plans Can Save You Money
These days, more and more people are taking proactive steps in how they manage their money and their health-care needs and a health savings plan is the perfect tool to help them accomplish both of these goals. Health savings plans in NC offer an alternative way to pay for your health-care and medical costs that in the end, actually produces a cost-savings for the user. Of course, knowing what to look for in a health savings plan is the key to finding one that best fits your lifestyle and budget.
Health Savings Account Requirements
Not everyone is eligible for enrollment in a health savings account (HSA). These types of plans are designed for people who have a high-deductible health insurance plan already in place. If you already have a high-deductible health insurance plan, then you qualify for a health savings plan. If you do not currently have a high-deductible health insurance policy, then you need to purchase one and have it effective prior to signing up for a health savings account.
How Much Can I Deposit in My Health Savings Account in NC?
For 2012, account holders can deposit up to $3,100 for a single account or up to $6,250 for a family account. The amount deposited is non-taxable when used to pay for healthcare-related costs, including any funds added to the account up until April 15 of the following year. For instance, any funds (up to the limit amounts) added up until April 15, 2012 will be eligible to be used as an above the line tax deduction on your 2011 taxes. Since the funds in the HSA are non-taxable, this automatically provides you with an instant tax reduction on that year's taxes.
Why Choose a Health Savings Plan in North Carolina?
A health savings account helps you save money because it allows you to lower your monthly health insurance premiums by choosing an insurance plan with a higher deductible. By making this change alone, you can save up to 50% on your health insurance costs and this money can be deposited into the health savings plan where it will be non-taxable.
In order for the money you save to remain non-taxable, it can only be used for medical purposes like paying for prescriptions and over-the-counter medications, doctor copays, surgical procedures (including some elective surgeries), medical supplies and other health-related needs.
Choosing the Right Health Savings Plan for You
Before you choose a health savings plan, you should first get a few different quotes for high-deductible health care plans and then compare coverage options. An agent can help you determine the best type of plan for your coverage needs and your budget concerns that still allows you to be eligible for a health savings account.
Schnitzer-Slate Insurance has several customizable health-care insurance plans for singles and families alike, including Blue Options HAS, which is BCBSNC's combination high-deductible health insurance policy and health savings plan. This one-stop solution makes it easy and affordable to get the coverage you need with the health savings plan you want to help you save money.
If you want to learn more about health savings plans in NC, or any of our other health, dental or life insurance plans, just visit our website athttp://healthplannc.com/ or call us at 910-392-7020. We'll be more than happy to assist you in finding the perfect plan to suit your needs.