A Health Savings Account is a great way to defray the extra expenses that your health insurance may not cover. Burlington, NC residents can direct any questions they have about health insurance and health savings accounts to the agents of Don Allred Insurance. They have the answers to the tough questions when their clients have concerns about their health insurance policies.
An HSA Is Not Health Insurance
A health savings account is not health insurance. It is a savings account that can be used to cover specific types of medical expenses. High-deductible insurance policies are cheaper in the long run but costly until you pay the deductible. A health savings account can be used to pay your deductible and other medical expenses.
HSA’s Pay for Medical Expenses That Aren’t Covered by Health Insurance
Health savings accounts fill in the gaps by covering expenses that aren’t covered by your health insurance. This includes deductibles, prescriptions, supplements, and other medical expenses that often slip through the cracks.
HSA’s Are Another Type of Savings Account
A health savings account is a savings account is designed to help you save money for unexpected medical expenses. Money that is put into an HSA is dedicated to your health care costs and shouldn’t be spent on other types of expenses.
The agents of Don Allred Insurance offer residents of Burlington, NC an opportunity to learn more about health savings accounts and how they can defray the cost of additional expenses. They can answer your questions and help you identify whether or not a health savings account would benefit you. Call today and schedule a review of your health insurance policy and ask for more information about the benefits of an HSA.