Meeting the insurance needs of
Central Florida individuals and businesses.

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Insurance Consultants
of Central Florida

227 S. Orlando Ave, 1st Floor
Winter Park, FL 32789

Phone: (407) 740-5337
Fax (407) 740-8786

Health Savings Account Solutions

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to contact one of our individual health agents

The Problems

    In attempting to provide health care benefits, individuals face several problems:

Cost	Due to the high cost of traditional health insurance coverage, it is difficult (if not impossible) for many people to purchase adequate health insurance protection at an affordable cost. Without this protection, however, the financial impact of a serious injury or illness can be devastating!
Choice	While managed care has produced cost savings, people enrolled in managed care plans generally find their choice of doctors restricted. There is also increasing concern about the interference of bureaucracies in the doctor-patient relationship.
Control	Individuals who need little or no health care receive no financial reward under traditional or managed care plans, nor is there any financial incentive under these plans for individuals to exercise control over their health care expenditures.

A Potential Health Savings Account Solution

    By combining tax-advantaged personal savings with a high-deductible health insurance plan, the Health Savings
    Account (HSA) puts you in control of your own health care dollars, while protecting you and your family against
    the cost of a serious illness or injury:

Cost	High-deductible health insurance is more affordable, while still protecting individuals and their families against the costs of serious illness or injury. Personal savings accumulated in an HSA can be used to pay smaller expenses covering routine services until the health plan's deductible is met. NOTE: If there are not sufficient funds in the HSA to cover the entire deductible, you must pay the difference out of pocket.
Choice	Tax-free HSA funds can be used to see any doctor, enter any hospital or pay any qualified medical expense, even those not covered under the high-deductible health plan. These decisions belong to you, not to a medical bureaucracy.
Control	An HSA puts you in charge of how your health care dollars are spent. If little or no health care is needed, the money in the HSA accumulates tax-free until funds are needed… even after retirement. In fact, subject to income tax and, if under age 65 a penalty tax, HSA funds can be withdrawn for any reason. With a Health Savings Account, you control when and how your health care dollars are spent.