Caring for health. Caring for life.

High Deductible HSA Qualified Plans

Network Health Plan is offering standard HMO and POS plan designs to which you are accustomed.  To qualify as a high deductible health plan (HDHP) that qualifies for a health savings account (HSA), the deductible and out-of-pocket maximums will need to comply with the limits established by the Treasury Department.  Our plan designs will start at a $1,500 deductible and can be incrementally adjusted to meet your company’s needs.   

Recent legislation allows the creation of health savings accounts.  The monies in these accounts can be used to pay for qualified medical expenses* today and in the future.  Funding of HSAs can be done by employers, employees or both with pre-tax dollars.  Employees own the accounts and can roll monies from year to year to help save for medical expenses for years to come.  Health savings accounts are very much like other banking accounts.  Most financial institutions will use checks and debit cards for withdrawals.  HSAs are self-regulated by employees, meaning the employee needs to comply with government allowances for medical expenditures.  

*The government defines qualified medical expenses.  These may include costs that are not covered by the insurance plan selected.