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Songer Benefits, Inc. Blog

All You Ever Wanted to Know About Insurance

Individual Health Insurance-HSA Accounts

Open Your HSA and Start Saving 

 You made a smart choice enrolling in a Qualified High-Deductible Health Plan (QHDHP). Now, you are eligible for a Health Savings Account (HSA) that will help you manage your health care expenses. An HSA is a personal savings account that can be used to pay for qualified medical expenses, such as copays, deductibles, prescriptions, vision, and dental. Money used for these qualified expenses is always tax-free whether you use the money today, five years from now, or when you retire.

 Advantages of an HSA

 • Balances roll over year to year—making it easy to save for future health care costs.

 • It’s portable—the money and the account is yours, even if you leave your company or change health plans. 

• Triple tax savings—money may go in tax-free, grows tax-free, and can be withdrawn tax-free to pay for qualified medical expenses.

If you are looking fo an HSA account for your individual health insurance or group health Insurance, Songer Insurance in Beckley WV can help you explore most options available in our area. Call us today at 304-252-6568 or come see us at 2955 Robert C. Byrd dr. Beckley WV. Open enrollment for individual health Insurance begins November 1, 2018- December 15, 2018.