Losing health insurance benefits may be a scary thing. If you are in Washington state and are changing employers or are in between jobs, you may be wondering what health insurance options are available. Fortunately, there are many wonderful health plan opportunities to choose from when selecting a Washington health insurance provider. Along with individual coverage, there are a number of Washington health insurance plans that qualify for Health Savings Accounts. Health Savings Accounts are used to pay for your medical costs, but they also allow you to save money that is applied towards future medical expenses as well as expenses you may incur after you retire. The Health Savings Account is tax free, and you can make tax-free contributions into your Health Savings Account.
With the future of Social Security in question, many people are looking for ways to ensure that they will have adequate medical protection and coverage during their senior years. Choosing a Washington health insurance plan that qualifies for a Health Savings Account is an excellent way to ensure that you and your family will have the added security and protection needed should any health situations arise in the future. Along with the tax-free benefits, you can use your Health Saving Account to pay the deductible on your Washington health insurance plan and all unused amounts roll over to the next year.
For those choosing Washington health insurance plans, considering a company that has a High Deductible Health Plan and subscribes to a HAS may be most beneficial for your family’s needs. A Washington health insurance plan qualifies for a Health Savings Account if it has a deductible of $1,050 for individual coverage or a deductible of $2,100 for family coverage. Some Washington Health Insurance providers that qualify for Health Savings Accounts include:
KPS Health PlansWashington health insurance providers who offer individual plans but not necessarily plans that qualify for Health Savings Accounts include: