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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Pre-tax money is deposited each year into an HSA and can be easily withdrawn at any time with no penalty or taxes to pay for qualified medical expenses.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.

Find an HSA plan that's right for you.

Read more about Health Savings Account...

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