Georgia HSA Health Insurance Plans

What is a Health Savings Account (HSA)?

A Health Savings Account (HSA) is a tax free savings account used to pay for qualified medical expenses. An HSA may be opened with any bank or credit union offering HSA's - see our HSA Banks web page. You may fund your HSA up to the annual contribution limits set by the US Treasury, and you will never lose your contributions as the account balance rolls over from year to year. To learn more about how HSA's work visit our How HSAs Work web page.

What is a High Deductible Health Plan (HDHP)?

In order to establish an HSA you must first purchase an HSA qualified high deductible health plan (HDHP). Shop for Georgia HSA high deductible health insurance plans with instant online quotes. With a HDHP all covered healthcare expenses are first applied to your plan deductible. Only preventive care benefits are paid without your deductible being applied. To learn more about HDHP benefits visit our How to shop for HSA Health Plans web page. To compare Georgia HSA Health Plans visit our Georgia HSA Health Plan Reviews web page.

Why HDHP's are the smart choice!

By purchasing a HDHP you will typically save 30-40% when compared to a traditional copay plan. You can use these premium savings to help fund your HSA. Since most HDHP's pay 100% after you meet your deductible, your maximum out of pocket expenses are limited to just your deductible. Also, remember that you can pay for your deductible with the tax free money from your HSA, so the true cost of your deductible is reduced by the amount of your tax bracket (25-35% for most people). For example, a $3,000 deductible would only truly cost you $2,100 when assuming a 30% tax bracket!

Additional HSA benefits!

When you receive your health care from network providers your medical expenses are discounted according to the fee schedule the provider agreed upon when joining the network. Savings vary from 20-30% for physician fees up to 70-90% for lab fees!

You may also use you tax free HSA funds to pay for eligible healthcare expenses that may not be covered under your health plan such as dental expenses, orthodontia (braces), vision care, smoking cessation, maternity care and even vision correction (lasik)!

Health Insurance in Georgia

In Georgia about 20% of individuals looking for health insurance consider an HSA health insurance plan. The most common type of health insurance policy is a traditional copay style of health plan that provides copayments for services such as office visits and prescriptions.
To learn more about all of the health insurance plans available to Georgia residents visit our Georgia Health Insurance website.

Let's get started!

Go ahead and run your free HDHP quote. If you have any questions please contact us - we are here to help!