A Pennsylvania Health Savings Account (HSA) is an alternative to mainstream Pennsylvania health insurance; it is a savings product that features a different way for Pa residents to pay for their health care. Pennsylvania HSAs allow you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. Most major health insurers, such as Aetna, UnitedHealthone, HealthAmerica, Independence Blue Cross, Geisinger and Highmark Blue Cross Blue Shield offer HSAs. And your HSA is an account that you always own regardless of where you are employed or what health insurance company provides your coverage.

As Pennsylvania's premier trusted website for low cost Health Savings Accounts, we specialize in taking the time to research and find the HSA plans that provide the coverage you need. The rates you view on this website are provided directly by the carriers at the lowest rates they offer. There are never any fees or monthly charges. We also help you in the comparison of different policies.

You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of Pennsylvania HSAs. Sometimes called a "catastrophic" health plan, an HDHP is a low cost health plan that generally pays 100% of your medical expenses after the deductible has been satisfied. And an HDHP generally costs less than traditional health care, so the money that you save on insurance can therefore be put into the Health Savings Account. This difference could be thousands of dollars each year.

You own and you manage the money in your Pennsylvania account. Decisions on how to spend the money are made by you without the usual restrictions of other savings accounts. You will also decide what types of investments to make with the money in the account in order to make it grow. Deposits into the account are optional and you can make systematic monthly payments or periodic payments. The most common investment option is the "fixed" account, which pays a specified rate of interest on most of the money in the HSA. Of course, interest rates have declined in recent years, although so have other investment options!

Pennsylvania HSA funds can pay for any “qualified medical expense”, even if the expense is not covered by your HDHP. For example, most health insurance does not cover the cost of certain drugs, but HSAs can. However, you can not pay for over-the-counter drigs. Once funds are deposited into the HSA, the account can be used to pay for qualified medical expenses tax-free, even if you no longer have HDHP coverage. The funds in your account roll over automatically each year and remain under your control. There is no time limit on using the funds. Dental and vision expenses can also be paid from the HSA, although the money you spend generally does not count towards meeting your deductible.

I highly recommend Pennsylvania Health Savings Accounts. In fact, I have an HSA for myself and my family. It has worked well for us and we have substantially reduced our health insurance expenses. Preventive coverage is not subject to the deductible and out-of-pocket expenses receive a "negotiated Network discount," which reduces the medical bill...in some situations quite substantially. If it's good enough for me, I guarantee it's good enough for you!

To view your options, please click on the "Get Instant Quote" button at the top of the page. Only highly-rated companies are considered and your information is never shared with any other person or company. Or, call us at (888) 513 6446 and we'll be happy to review and discuss which HSA plans are best for your specific situation.