Frequently Asked Questions
Q. What is new in health care?
Q. What is an HSA?
Q. What are the benefits of an HSA?
Q. What is COBRA?
Q. What are your fees?
Q. How can I get more information?
A. Health Savings Accounts, HSAs, are the latest in health care.
Back to TopA. A Health Savings Account, HSA, is composed of two parts. A Health Savings Account is like a regular savings account but contributions are tax deductible. The second part of an HSA is a high deductible health plan. Click here for more about HSAs.
Back to TopA. An HSA provides many benefits including:
- All contributions are tax deductible.
- Interest grows tax-deferred.
- Withdrawals for qualifying medical expenses are tax free.
- HSAs roll over every year.
- More individual control and power of own money.
A. The Consolidated Omnibus Budget Reconciliation Act, COBRA, was enacted by Congress in 1986. The Act enables certain former employees to have access to health coverage at group rates. COBRA, however, is not usually the best answer. Many times COBRA rates are higher and you may be better served having your own plan designed for you.
Back to TopA. My services are always free to you.
Back to TopA. You can get more information by sending us an email at medicalinsurancepro@msn.com or call us toll free at 877-232-9757.
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