I am looking for a health insurance plan and one of the plans from BCBS is called: HSA Compatible/HDHP PPO $1150-Ded 100%-Coin. What is HSA? I have been talking to a consultant too. I just don't know what's right for me. Out of YOUR opinion who is a really good individual health insurance company?
2006-12-20 06:29:28 · 3 answers · asked by victoriaelaine2004 3 in Health ➔ General Health Care ➔ Other - General Health Care
An HSA is a health savings account. You can put pre-tax dollars away and use them for medical expenses your insurance does not cover. Usually you pay the expense, submit the claim and proof of payment, and get reimbursed from the account. There are limits to what you can use the money for and how much you can set aside each year. As far as a good health insurance company, we have been happy with BCBS because most providers accept it, and being able to choose your provider is very important to us.
2006-12-20 06:35:10 · answer #1 · answered by Andrea B 2 · 0⤊ 0⤋
HSA means Health Savings Account. It's a way to put away money tax free and spend it on healthcare when you need to, also on a tax-free basis. The money rolls over every year if you don't use it and the amount builds from both your deposits and the interest or gain it acquires from being invested.
It's teamed up with an insurance plan. An HSA is a great account to start when you're young and healthy that can build and protect you through your retirement. Good thing to have in this world of iffy Social Security and Medicare. HSA Bank is one of the leaders in the industry and might recommend an insurance company that they work with.
2006-12-20 16:18:13 · answer #2 · answered by clvcpoet 3 · 0⤊ 0⤋
ok what does cbdo what does that mean?
2014-01-04 11:44:14 · answer #3 · answered by Jackie 1 · 0⤊ 0⤋