New health savings accounts (HSA’s) represent a viable option for those searching for low cost health insurance. A health savings account is a special tax-sheltered savings account for medical expenses and is similar to an IRA in concept.

HSA to cover the “small bills.” Money deposited into health savings accounts is 100% tax deductible and can be easily accessed by check or debit card to pay medical bills tax-free including expenses not covered by insurance like dental and vision. Monies not used for medical expenses remain the property of the individual account holder, not the insurance company. You can visit our website at www.low-cost-health-insurance-programs.com for more information.

More stability in premiums- Immediate tax savings- Long-term growth potential- Tax-free withdrawals to pay medical expenses- Tax-free withdrawals to pay for long-term care insurance or COBRA premiums- Freedom to choose your own medical providers- More control over your own healthcare decisionsIf you are looking for low cost health insurance and have a desire not to pay high health insurance premiums while reducing federal income taxes, health savings accounts may be for you. Blue Cross, Blue Shield, HealthNet, PacifiCare, and Fortis all offer excellent HSA compatible plans.

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