health savings account - Features & Benefits

Health Savings Accounts (HSAs) have many benefits to offer TMA member physicians. The benefits of HSAs include:

• Affordability — High deductibles may mean lower out-of-pocket for premiums.
• Choice — With an HSA and a high-deductible health plan, you choose your physicians and other health care professionals, and with them, you decide which treatments are right for you.
• Control — An HSA puts you in control of your health care decisions and spending.
• Flexibility — Make any number of contributions to your account, at any time during the tax year, as late as April 15 of the following year.
• Portability — You own the funds in your HSA just as you own those in your IRA or savings account, even if your employment changes. Your HSA funds are yours regardless of changes in your employment.
• Protection — An HSA covers you against catastrophic or unexpected medical bills.
• Savings — You fund your account with pre-tax dollars, and interest on these savings accumulates tax-free.

Request a quote for a Health Savings Account.