The Benefits of Health Savings Plans in NC
With the ever-changing landscape of healthcare in the United States, more and more people are looking for alternatives to traditional health insurance policies. Because of this, health savings plans in NC have started increasing in popularity.
A health savings plan, or a health savings account, works like a typical savings account with the exception that the funds deposited into the account can only be used for healthcare purposes. Because the money that is deposited into the health savings plan is tax-deductible, it offers a range of benefits for those participating in the plan.
How Does a Health Savings Account Work?
In order to have a health savings account, you have to first have a high-deductible health insurance plan that works alongside the health savings account. Because it is a high-deductible plan, the monthly premium payments are considerably smaller than low-deductible plans and this helps the policy holder to start saving money right from the opening of the policies.
Once the health savings plan is set up, the account holder can start depositing funds into their account. Any healthcare expenses that arise will then be paid for using the funds accrued in the health savings account until the policyholder reaches their deductible set by the insurance company. Once the annual deductible is reached, the insurance policy will cover any future medical expenses for that year.
What are the Benefits of Health Savings Plans in NC?
Health savings plans provide a number of benefits that make them attractive to those looking for greater control over their family's healthcare needs. These benefits include:
Schnitzer-Slate Insurance Agency offers a selection of Blue Cross Blue Shield health savings plans in NC. If you are looking to regain control of your healthcare expenses, then a high-deductible insurance plan with an attached health savings account may be the solution you're looking for. Our experienced agents will work with you to help you find the perfect coverage for you or your family.
If you want to learn more about our health savings plans, 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.
Click here for a free rate quote.
With the ever-changing landscape of healthcare in the United States, more and more people are looking for alternatives to traditional health insurance policies. Because of this, health savings plans in NC have started increasing in popularity.
A health savings plan, or a health savings account, works like a typical savings account with the exception that the funds deposited into the account can only be used for healthcare purposes. Because the money that is deposited into the health savings plan is tax-deductible, it offers a range of benefits for those participating in the plan.
How Does a Health Savings Account Work?
In order to have a health savings account, you have to first have a high-deductible health insurance plan that works alongside the health savings account. Because it is a high-deductible plan, the monthly premium payments are considerably smaller than low-deductible plans and this helps the policy holder to start saving money right from the opening of the policies.
Once the health savings plan is set up, the account holder can start depositing funds into their account. Any healthcare expenses that arise will then be paid for using the funds accrued in the health savings account until the policyholder reaches their deductible set by the insurance company. Once the annual deductible is reached, the insurance policy will cover any future medical expenses for that year.
What are the Benefits of Health Savings Plans in NC?
Health savings plans provide a number of benefits that make them attractive to those looking for greater control over their family's healthcare needs. These benefits include:
- Any money deposited into the health savings account is tax-deductible. This means that the money you deposit into the account is not considered taxable income so your taxes are automatically reduced.
- Any withdrawals you make from the account for healthcare-related purchases are also tax-free.
- Any money you do not use in your health savings account can earn tax-free interest, and some accounts even come with a range of investment options.
- While there is a limit to how much money you can deposit into your health savings plan on an annual basis, the money that is in the account will continue to build and earn interest if it is not used. This makes a health savings account a valuable alternative for retirement or for investing in your future.
Schnitzer-Slate Insurance Agency offers a selection of Blue Cross Blue Shield health savings plans in NC. If you are looking to regain control of your healthcare expenses, then a high-deductible insurance plan with an attached health savings account may be the solution you're looking for. Our experienced agents will work with you to help you find the perfect coverage for you or your family.
If you want to learn more about our health savings plans, 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.
Click here for a free rate quote.