There are several types of health spending accounts that help pay for health care costs with tax free money.
These accounts may be combined with high deductible health plans and are often called Consumer Driven (or Directed) Health Care, because you are managing more of your own health care cost decisions.
We'll look at that in more detail.
You can always run your California HSA (HDHP) quote here:
An HDHP is California health insurance that has a high deductible.
You must pay this deductible each year, before the plan will start to pay some or all of your health care costs.
An HSA is a tax-free savings account.
You can sign up for one if you have a qualified High Deductible Health Plan.
The deductible for these plans must be a certain amount for an individual and for a family.
You can sign up for an HSA with a bank, credit union, insurance company, and other approved company.
Your employer may also set up a plan.
There are many other rules.
We're happy to walk through question on how HSA health plans work.
If you have a MSA, you can keep it or move your money into a HSA.
These are tax-free accounts to pay health care costs.
They are not insurance.
An employer can set one up and put tax-free money into the account.
You can use the money in the account to pay your deductible and co-pays.
You can access the online application for HSA health plans here:
These are tax-free accounts to pay health care costs.
They are not insurance.
An employer can set one up. An employee can put tax free money into the account.
You can use the money in the account to pay your deductible, co-pays, and other health care costs that your health plan does not cover.
You can also pay for benefits your health plan does not cover, such as over-the-counter medicines, eyeglasses, or dental care.
Important Pages:
Guide to Covered California Plans
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