If you’re interested in learning about ways to lower your health insurance premiums, you may be interested in hearing about a new type of insurance plan that is becoming more popular these days: Health Savings Accounts, or HSAs in California and other states.
These are modified PPO plans that provide comprehensive coverage but with a substantially lower premium than traditional PPO plans. These plans are ideal for healthy families that are looking for ways to decrease their health insurance costs, without compromising benefit coverage. HSA PPO Plans, also provide tax deductions for individuals who purchase their own coverage. These tax credits have helped many families slow the pain of increasing health costs. For the tax year 2010, the family deduction maximum is $6,000 on your federal income tax.
Most importantly, HSA’s can help individuals save for future qualified medical and retiree health expenses with tax free dollars. Contributions are NOT compulsory, however, whatever you contribute is tax deductible and, unlike a Flexible Spending Account which you might be familiar with from your employer’s plan, if you don’t use the money deposited into your HSA, it will accumulate each year tax deferred. The savings accumulated in this account is accessible to you immediately for ANY medical related expense without penalty or tax.
If you would like additional information on HSA’s and how you might benefit from one, feel free to contact us. We pride ourselves on our attentive service to our clients and our reputation for designing the best possible plan coverage. In fact we go so far as to guarantee no other agency can find you more comprehensive coverage for less premium.
Just Us Insurance is located in Southern California.
We proudly serve businesses and local residents in Corona, Murrieta, and Temecula.
Just Us Insurance operates throughout Riverside, San Bernardino San Diego, and Orange Counties
