A Health Savings Account is a portable, tax-favored savings account combined with a qualifying high deductible health plan (HDHP) that allows you to fund health care expenses with pre-tax money. Your deposits to a Health Savings Account reduce your taxable income, and withdrawals are never taxed as long as funds are used to pay for qualified medical expenses.
HSAs are similar to IRAs, but even better:
Pre-tax money is deposited each year into an HSA and can be easily withdrawn at any time with no penalty or taxes to pay for qualified medical expenses. Withdrawals can also be made for non-medical purposes, but will be taxed as normal income and are subject to a 10 percent penalty if done prior to age 65.
Any HSA funds not used each year remain in the account (no “use it or lose it”), and earn interest tax-free to supplement medical expenses at any time in the future.
Like an IRA, the account belongs to you, not your employer. But unlike an IRA, your employer CAN contribute to your HSA.
Ambetter from Meridian
AmBetter from Buckeye Community Health Plan provides quality healthcare solutions that help residents of Michigan live better. With a variety of affordable coverage options, they make it easier to stay healthy.
Blue Care Network of Michigan
Blue Care Network of Michigan is a nonprofit mutual insurance company founded in 1939 .The largest health insurer in Michigan, serving 4.5 million people here and 1.6 million more in other states and the largest network of doctors and hospitals in Michigan: 152 hospitals, and more than 33,000 doctors and an independent licensee of the Blue Cross and Blue Shield Association
Blue Cross Blue Shield of Michigan Mutual Insurance Company
Anthem Blue Cross and Blue Shield is the trade name of: In Colorado: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc. In Connecticut: Anthem Health Plans, Inc. In Indiana: Anthem Insurance Companies, Inc. In Michigan: Blue Cross Blue Shield Healthcare Plan of Michigan, Inc. In Kentucky: Anthem Health Plans of Kentucky, Inc. In Maine: Anthem Health Plans of Maine, Inc.
Priority Health
Priority Health is an award-winning health plan nationally recognized for creating innovative solutions that impact health care costs while maximizing customer experience. It offers a broad portfolio of products for employer groups and individuals including Medicare and Medicaid beneficiaries. As a nonprofit company, Priority Health serves more than 600,000 people and continues to be rated among the best health plans in the nation by the National Committee for Quality Assurance.