Finding health insurance can be difficult, especially when you are a small business or self-employed. Below we’ve listed some helpful resources.
eHealthInsurance — free instant health insurance quotes for individuals and small businesses.
Aetna Dental Access — dental discount program.
In 2004, Congress passed a law that created the Health Savings Account (HSA).
An HSA is simply a high-deductible health plan (HDHP) coupled with a savings account. This means that you can buy high-deductible health insurance (the deductible is a minimum of $2,500/year) to cover your catastrophic expenses, while you can save money in a separate bank account tax-free to pay for your usual medical bills.
For example, if you purchase health insurance that covers you from $3,000 to $3 Million in expenses, you will have to pay for everything under $3,000 out of pocket from your HSA. If you have more than $3,000 in medical expenses, your insurance will kick-in and cover the rest, but if you have fewer than $3,000 in expenses, all of that money remains in your HSA tax free. You can even invest that money.
NOTE: you don’t have to buy a special kind of insurance for an HSA, it simply has to be a high-deductible policy that fits the HSA guidelines.