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Converting to Health Savings Account
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If you notice an error or are in doubt, please send a new question by
email or ask for an update. Email asktony@tonynovak.com.
Q: When I leave my employer to
work on my own, I want to get a health savings account to save money.
Can you help me convert my current plan to an Health Savings Account?
A: You will need to apply for a
new health insurance policy since your employer-provided health plan is
not HSA-qualified. The lowest cost HSA-qualified insurance is available
through "Golden Rule" at www.FreedomBenefits.net. You can get a quote and apply
online but be aware that it takes a few weeks for any HSA insurance to
be issued. In the meanwhile, select any of the short term medical
insurance plans available in your state also listed at FreedomBenefits.net.
Summary
More resources:
www.FreedomBenefits.net