Clearwater Health Savings Account
To Cover More with Less.
Once you have established a health savings account, the benefits are numerous. In a nutshell, an HSA offers these advantages, among others:
- Lower monthly health insurance premiums
- More stability in premiums
- Immediate tax-savings since all deposits are 100% deductible (as well as all premiums if you are self-employed)
- Long-term growth potential(the only way to actually "earn money" with a health insurance plan)
- Tax-free withdrawals to pay medical expenses covered under the high deductible HSA policy
- Tax-free withdrawals for many medical services not covered by insurance (such as prescriptions, dental, vision, acupuncture, alternative medicines, etc.)
- Tax-free withdrawals to pay for long-term-care insurance, COBRA premiums, or health insurance premiums while unemployed
- Freedom to choose your own medical providers through extensive PPO directories
- Discounts on medical services offered by PPO