Florida Blue HSA Health Insurance Plans

What are Florida Blue HSA Health Insurance Plans?

Florida Blue HSA health insurance plans are different from All Co-pay options in several ways. Designed for those who are enrolled in high deductible insurance, health savings accounts encourage plan holders to deposit and save money to cover medical expenses. These HSA health insurance plan savings accounts have tax benefits and allow families to choose how and when their money is spent for health-related reasons.

Many people choose to go with Florida Blue because it is well-known for being a reputable and reliable insurance provider for Florida residents. In fact, Florida Blue, which was formerly known as Blue Cross Blue Shield of Florida, covers more than 50 percent of all insured individuals in the state.

Is a Florida Blue HSA Health Insurance Plans Right for You?

Although HSA health insurance plans feature numerous advantages, they aren’t right for everyone. If you would rather keep your money in your pocket and pay for services as needed rather than pay high premiums, however, this type of plan might be the perfect option for your family. On the other hand, if you don’t have the financial stability to cover your expenses or if you or someone in your family isn’t in the best of health, you may want to look at another option.

Basically, your Florida Blue individual insurance or family policy will involve you paying in a certain amount of money and starting a savings account that is strictly for your medical-related needs. Your HSA health insurance plan’s savings account will allow you to save money for your family’s health needs without having to pay taxes on it, which can be a far better financial decision than keeping it in a more traditional savings account. The money can be spent for all qualifying medical expenses, including doctor’s visits, specialist’s visits, hospitalizations, prescribed medication and more. The good news is that you get to choose what you want to spend your money on.

With these Florida Blue HSA health insurance plans, you will be given affordable premiums but will be responsible for paying for much of your family’s healthcare. These are a few criteria to look at when determining if this is the right option for you:

• Are you and your family fairly healthy? These types of Florida Blue family plans and individual options are generally for those who are in pretty good health but who want to be prepared for anything that might come up in the future.
• Are you looking to satisfy the mandate with your Florida Blue family plans but want to pay a much lower premium?
• Is your family financially stable?
• Do you have a personal emergency fund already set up?
• Would you prefer to keep your money in your pocket until you actually need it for medical expenses and other related costs?
• Are you prepared for the initial responsibility of your health costs?
• Would you prefer the freedom of seeing a doctor when you want to without having to get referrals? With a Florida Blue Options HSA plan, you have a lot more freedom when it comes to your family’s healthcare.

What to Know About Florida Blue HSA Health Insurance Plans

If you’ve been shopping for Florida Blue individual options or a policy for your entire family, you might have decided that a high deductible option and a health savings account are your best bet.  Here are a few things that you should know before enrolling in an HSA health insurance plan, however:

• The maximum contribution limit for an individual is $3,300 in 2014. For a family, it is $6,550. This is the most that you can contribute as tax-free savings throughout the year.
• If you go over the maximum amount, the money should be withdrawn prior to the tax filing deadline. If these funds are not removed, you could be subject to a tax penalty.
• The minimum deductible for an individual plan is $1,250. The minimum for a family plan is $2,500.
• The maximum out-of-pocket cost that you can be expected to spend as an individual is $6,350. For families, it is $12,700. These are the highest amounts that your provider can require you to spend before paying out benefits.

Tips for Finding Best Florida Blue HSA Health Insurance Plans

Whether you’re looking for Florida Blue individual insurance or Family Blue family plans, we can help. Florida Blue is the largest provider of insurance to residents in the state of Florida with its Blue Options, Blue Select, Blue Care and other options. If you’re looking for the right plan for your situation, you can find the HSA health insurance plan or other options that you need to follow the law and provide your family with the healthcare that it needs.

Here at Secure Health Options, we are licensed to sell Medicare policies, individual insurance and group health to residents across the state. You can use our online tools to compare prices between Blue Options, Blue Select and other options through various HMO providers, which can help you find affordable care for yourself and your family. Before signing up for any coverage, use our handy tool to find out about your options. You can simply enter your ZIP code into the form at the top of the page to instantly compare rates and quotes for Florida Blue HSA health insurance plans or other options.