A Las Vegas Health Savings Account (HSA) is an alternative to traditional Nevada health insurance. It is a savings product that offers a different way for consumers to pay for their health care. Nevada HSA’s enable you to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax-free basis. These types of plans are offered by all of the major health companies, including Anthem Blue Cross, UnitedHealthOne, Aetna and Humana.
You must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of an Nevada HSA. An HDHP generally costs less than what traditional Nevada health care coverage costs, so the money that you save on insurance can therefore be put into the Health Savings Account.
You also own and you control the money in your Nevada HSA. Decisions on how to spend the money are made by you without relying on a third party or a health insurer. You will also decide what types of investments to make with the money in the account in order to make it grow. And since an HSA is portable, the policy remains in effect regardless of where you work or what health insurer you are insured by.
HSA funds can pay for any “qualified medical expense”, even if the expense is not covered by your HDHP. For example, most Nevada health insurance plans do not cover the cost of over-the-counter medicines, but HSA’s can. If the money from the Nevada HSA is used for qualified medical expenses, then the money spent is tax-free. You can also use your HSA funds to purchase qualified dental and vision expenses.
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 indefinitely until used. There is no time limit on using the funds.
If you would like a personalized Nevada Health Savings Account quote, please click on the "Get An Instant Quote" link. Instantly, you'll be able to view, compare and apply for quality Nevada HSAs. Your information will never be shared with any other person or company. And of course, you can also call us at (888) 268-4421.