You must first have a high-deductible health insurance plan that qualifies to be partnered with an HSA. These plan are available through various insurance companies and through web sites like Whitley Benefits.com. The plans are all similar in the fact that they have deductibles between $1,100 and $5,600 for singles, and $2,200 and $11,200 for families. Once your insurance plan becomes effective, you may fund your HSA account.

HSA’s allow you to legally avoid federal income tax by saving up to $2,900 for singles or $5,800 for families, into your HSA account. There is no minimum deposit, but whatever you deposit into your account by April 15th is an “above the line” tax deduction for the prior year’s income tax. This is available to everyone, with no limitations on the amount or source of income.

If you cancel your HSA-qualified health insurance before you’ve had the coverage for a full year, your maximum contribution amount is pro-rated based on the number of months in force.

With the rising cost of health insurance, price should also be a concern when choosing your health insurance company. Most companies offer a variety of low cost plans to fit your budget.

Finally, make sure you choose a reputable, top rated health insurance company. Some of the top carriers include, Blue Cross Blue Shield, Cigna, Humana and Health Net.

For years, most people obtained their health insurance through their employer. With more and more people now going to work for themselves, they are now forced to get health coverage on their own. Finding an individual/family health plan is now easier than ever through on line insurance brokers like Whitley Benefits.com. They just require you to enter your ages and zip codes, and you can compare hundreds of health plans within seconds. Once you choose the best plan for you, most companies will let you apply on line, or with just a simple application download.

So take the leap on your own! One thing you shouldn’t worry about is finding great health coverage for you and your family.

• Individual health insurance and
• Group health insurance plans

from all of the top carriers in Arizona, Utah and Nevada including:

• Aetna
• Altius
• Anthem
• Blue Cross Blue Shield of Arizona
• Cigna
• Great West
• Health Net
• Humana and Humana One
• Regence Blue Cross Blue Shield
• Select Health (formerly IHC)
• United Healthcare and more.

We provide over 40 years of experience to help you save you the most money possible. For an individual instant quote, please click the individual health insurance button. To begin your group plan quoting process, please click on the group health insurance plan button. To speak with us about health plans in Arizona, Nevada or Utah please contact us at (602) 820-7693 or (602) 432-9288 . We would be glad to provide you with a free health insurance review today.