Lower Health Insurance Costs with New Health Savings Accounts

New health savings accounts allow individuals to lower health insurance premiums and save on taxes. Low cost health insurance is now available to everyone.

(PRWEB) April 3, 2005 -- New health savings accounts (HSA's) represent a viable option for those searching for low cost health insurance. A health savings account is a special tax-sheltered savings account for medical expenses and is similar to an IRA in concept. Instead of purchasing high-priced health insurance with low co-pays, you buy low cost health insurance (with a high deductible) for the "big bills" and deposit the difference in the HSA to cover the "small bills." Money deposited into health savings accounts is 100% tax deductible and can be easily accessed by check or debit card to pay medical bills tax-free including expenses not covered by insurance like dental and vision. Monies not used for medical expenses remain the property of the individual account holder, not the insurance company. You can visit our website at http://www.low-cost-health-insurance-programs.com for more information.

The benefits of health savings accounts are numerous and include the following:
- Lower monthly health insurance premiums
- More stability in premiums
- Immediate tax savings
- Long-term growth potential
- Tax-free withdrawals to pay medical expenses
- Tax-free withdrawals to pay for long-term care insurance or COBRA premiums
- Freedom to choose your own medical providers
- More control over your own healthcare decisions

If you are looking for low cost health insurance and have a desire not to pay high health insurance premiums while reducing federal income taxes, health savings accounts may be for you. Blue Cross, Blue Shield, HealthNet, PacifiCare, and Fortis all offer excellent HSA compatible plans. Health savings accounts are the wave of the future! You owe it to yourself to check them out!

For further information contact:
John F. Pack
http://www.low-cost-health-insurance-programs.com
calrep@cox.net
866-323-6697
CA Insurance License 0D98889
AZ Insurance License 155456

John F. Pack is a licensed insurance agent providing low cost health insurance and dental insurance in the states of Arizona and California for individuals and small business groups.

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