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Texas Health Savings Accounts/HSA Plans

Save for Health Expenses Tax Free

Health Savings Accounts or HSA plans are tax-sheltered savings accounts similar to IRAs, but designated for use toward medical expenses. Deposits into your Texas HSA are 100% tax deductible and can be easily withdrawn by debit card to pay small medical bills such as annual exams or prescription drug costs. The high-deductible insurance policy then covers any larger medical expenses that exceed the deductible. Unused HSA funds remain in your account and grow on a tax-deferred basis that can later be used to supplement retirement and produce long-term benefits.

How Health Savings Accounts Work
HSA plans combine your health savings account with a low-cost, high deductible health insurance policy that will protect you against disastrous financial bills in the event of major medical care needs. A Texas HSA plan also allows you to choose your own doctor within an extensive network of physicians.
Learn More > How HSAs work

HSAs for Small Business
HSA plans are popular with small business owners and other self-employed individuals because the monthly premiums are also 100% tax-deductible. There are numerous benefits in Small Group HSA plans.

HSA plans for Individuals
HSAs are great for Texas individuals because they generally have a lower premium than traditional health plans. The idea is that you will take the money you would have spent on a traditional plan and instead pay the lower HSA premium, using the remainder to deposit tax-deductible funds into your health savings account.

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HSA articles

• Texas Health Savings Accounts Information
• HSA - Frequently Asked Questions
• Long-term Benefits of HSA plans
• HSAs for individuals
• Group HSA plans