PROTECTING YOUR HEALTH

Health insurance is a contractual agreement between an insurance company and an individual. The is generally renewable annually or monthly. The type and amount of health care costs and coverage that will be covered by the health plan are specified in advance. The individual policy-holder's payment obligations may take several forms including but not limited to: premiums, deductibles, copayments, limits, etc.

Health Savings Accounts (HSAs) are another excellent form of health insurance protection. HSAs are tax-favored savings arrangements for individuals covered by high deductible health plans (HDHPs). With HDHP coverage, an individual must pay for a certain amount of medical expenses before the HDHP begins to pay for medical expenses. In exchange for payinng a certain amount upfront, individuals enjoy less expensive insurance premiums. Individuals can use the money they save in an HSA to pay for medical expenses incurred by themselves, their spouses or their dependents.

Contact us today for more information on our Health Insurance offerings!