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Health Savings Accounts

Discover a new health insurance option! Combine a tax-favored Health Savings Account (HSA) and an HSA-eligible health insurance plan to save money tax-free for healthcare costs! Health Savings Accounts are great news for Americans!

The U.S. Congress recently passed legislation which makes paying for medical expenses much more affordable for consumers. As of January 1, 2004, the new law provides broad access to Health Savings Accounts, which allow consumers to pay for qualified medical expenses with pre-tax dollars (income-tax free!) and save for retirement on a tax-deferred basis.

HSA-eligible health insurance plans are often less expensive than other health insurance plans. eHealthInsurance has collaborated with the nation's leading HSA administrators to bring you the highest quality HSA products available. Find the right plan for you and get free quotes from our selection of HSA-eligible plans and apply online.

An HSA is tax-favored savings account that is used in conjunction with a high-deductible HSA-eligible health insurance plan to make healthcare more affordable and to save for retirement. In order to have a Health Savings Account, you must get an HSA-eligible health insurance plan. This type of insurance plan is often referred to as a High Deductible Health Plan, and typically has lower premiums than plans with lower deductibles.

HSAs are similar to IRAs, but even better:

Pre-tax money is deposited each year into an HSA and can be easily withdrawn at any time with no penalty or taxes to pay for qualified medical expenses. Withdrawals can also be made for non-medical purposes, but will be taxed as normal income and are subject to a 10 percent penalty if done prior to age 65.

Any HSA funds not used each year remain in the account, and earn interest tax-free to supplement medical expenses at any time in the future.

Like an IRA, the account belongs to you, not your employer. But unlike an IRA, your employer CAN contribute to your HSA.

HSA-eligible health insurance plans are often less expensive than other health insurance plans.

Read more about Health Savings Account...

Census: 388,000 in Utah without health insurance (2News Salt Lake City)Census figures show that 388,000 people in Utah don't have health insurance.

State health insurance costs up (The Nashua Telegraph)CONCORD (AP) -- A new national study says health insurance costs in New Hampshire have climbed nearly five times faster than salaries this decade. ...

More in El Paso lack health insurance (El Paso Times)EL PASO -- The number of El Pasoans without health insurance coverage rose by 3.3 percent between 2000 and 2005, according to U.S. Census Bureau figures released Thursday.

20 percent of Coloradans lack health insurance (Rocky Mountain News)Nearly one in five Coloradans has no health insurance, according to a U.S. Census Bureau report released today, and among Hispanics it is more than one in three.

Many Floridians lack health insurance, study says (Miami Herald)Almost one-third of people under 65 in Miami-Dade and one-fourth in Broward lacked health insurance in 2005, according to Census Bureau figures.

Senators Propose Bill To Require Employers To Disclose Amount Spent On Health Insurance Premiums For Employees (Medical News Today)A bipartisan group of senators on Tuesday proposed a bill to require employers that offer health insurance to disclose to employees the amount spent on their premiums, CQ Today reports. Under the legislation -- sponsored by Senate Finance Committee Chair Max Baucus (D-Mont.

Census: 388,000 in Utah without health insurance (Standard-Examiner)SALT LAKE CITY (AP) ? Census figures show that 388,000 people in Utah don?t have health insurance. Those figures include about 100,000 people more than state agencies have estimated and 40,000 more than advocates for the uninsured have forecast in the worst-case scenario.

Census: One in five Arizonans lacked health insurance in 2005 (Tucson Citizen)PHOENIX ? About one in five Arizonans overall and one in three Hispanic residents lacked health insurance in 2005, according to estimates released Thursday by the U.S. Census Bureau. Only five states had higher overall rates for uninsured residents.

Census: 388,000 in Utah without Health Insurance (FOX 13 Utah)Census figures show that 388,000 people in Utah don't have health insurance. Those figures include about 100,000 more people than state agencies have estimated and 40,000 more than advocates for the uninsured have forecast in the worst-case scenario. Census figures released Wednesday showed that Daggett County has the highest percentage of uninsured residents at 27 percent in the state and ...

Study: NC children are losing health insurance (Asheville Citizen-Times)A new report by the Washington-based Economic Policy Institute shows North Carolina workers are losing employer-based health insurance at a greater rate than all but one other U.S. state.