Unicare Health Insurance & Policy Store offers Health Savings Accounts Compatible Health Insurance Plans so You Can Choose the Right Coverage for Your Family.

A Health Savings Account is a savings account established exclusively to pay for medical expenses of the individual or the family who has contributed to the account while covered under a High Deductible Health Plan.

(PRWEB) October 10, 2004 -- The HSA provides an avenue to fund your health care expenses now and to save for long-term health care expenses or to bridge a potential gap between your needs and what funds may become available to you once you become eligible for Medicare. When the funds are used for these eligible health car expenses, the savings may be tax exempt.

The High Deductible (HSA Compatible) Health plans are provided by UNICARE Life & Health Insurance Company. The HSA is not administered by Unicare though, but by a qualified bank or financial institution. You may choose any bank or financial institution that is qualified to provide this service. We also advise you to consult your tax advisor for assistance in establishing your HSA.

The advantage of an HSA is that the funds you deposit in you HSA account can be used to pay for medical expenses applied to your deductible. The High deductible plan provides benefits for covered medical services once applicable deductibles are satisfied. Some medical expenses not covered by the HDHP may still qualify for funding from your HSA without tax penalty. You can refer to section 213d of the IRS code for information regarding what medical expenses can be covered by your HSA.

Other Sites of interest by Agent Jeff Cline of the Policy Store:
www.PolicyStore.com
www.thePolicyStore.com
www.Unicare.biz
www.Unicare-health-insurance.com
www.UnicareAgents.com

Other Press Releases of interest from Unicare Premier agent Jeff:
http://www.prweb.com/releases/2004/9/prweb159154.htm
http://www.prweb.com/releases/2004/9/prweb159144.htm

# # #