Ohio Health Savings Accounts (HSAs) are one of the most popular policy options that will reduce your health insurance rates in 2011. Preventive benefits are always provided with no deductible, coinsurance or waiting period. And “Network repricing” can substantially reduce your Ohio HSA out-of-pocket costs on items that are subject to a deductible.

Ohioquotes.com is the state’s premier resource for Ohio Health Savings Account rates and coverage information. We allow you to easily view and compare all of the HSA plans from the top carriers. But more importantly, with 30 years of experience, we’ll research all of your options and present you with the choices that fit within your budget.

A Health Savings Account is a combination of a high-deductible insurance policy with a tax-favored savings plan. Deposits into the savings portion can be accumulated and used to pay the deductible (when needed) and other qualified medical, dental and vision expenses. Contributions are tax-deductible and withdraws for qualified expenses are not subject to taxes. All money that accumulates in the account can be withdrawn at any time, and unused funds at the end of the year will not be lost.

Not everyone needs an Ohio HSA, and HSA rates will vary greatly, depending on which part of the state you reside. But, typically, the most competitive rates are offered by Medical Mutual, UnitedHealthOne and Anthem Blue Cross. Humana, Aetna, Celtic and Assurant are reputable companies, but generally feature higher rates.

Medical Mutual and Aetna have an “embedded deductible,” which is a deductible on each person (usually capped at two). UnitedHealthCare and Anthem have an “aggregate deductible, which is a large family deductible that must be met before most benefits are paid. Each type of deductible has its own merits and we’ll be happy to review the differences and what effect they will have on your specific situation.

For additional information on the 2011 Ohio HSA plans, please call us at (888) 513 6446. Or, to get started before you call, and view your options, click on the “Get Instant Quote” button at the top of the page. We’ll be happy to help review your options.

2011 Ohio Health Savings Account (HSA) limits will remain unchanged due to the low cost of living increase. The maximum 2011 Ohio HSA contribution will be $3,050 for individuals and $6,150 for families. An additional annual “catch up” contribution of $1,000 is available to persons over the age of 55 and not currently enrolled in Medicare.

To qualify for an Ohio HSA, you must have a “High Deductible Health Plan (HDHP),” which is available from most of the large insurers, such as Anthem Blue Cross, Aetna, UnitedHealthCare, Medical Mutual, Humana, Assurant and Celtic. The HDHP must have a minimum annual deductible of $1,200 for single coverage and $2,400 for family coverage. The annual maximum out-of-pocket expense allowed is $5,950 for single HSA plans and $11,900 for family HSA plans.

Any contributions made by an employer count towards your contribution limit. 2011 contributions for Ohio HSA plans can be made until April 15, 2012.

An Ohio HSA plan is an extremely attractive alternative to traditional health care. Rates are generally substantially less than a comparable policy and preventive benefits are provided at 100% coverage with no copays, deductibles or waiting periods. This type of coverage allows you to pay for your current medical expenses and save for future health care expenses on a tax-free basis.

Network-negotiated discounts by the health care provider also will reduce your out-of-pocket cost. Office visits, prescriptions, hospital expenses, lab tests and x-rays will be “repriced” to a lower amount. Also, most HSAs offer a “0% coinsurance” option that further reduces your cash outlay. And lifetime caps have been removed, so you will never have to worry about a chronic condition that continues for many years.

Ohioquotes.com is the premier trusted resource for affordable Ohio Health Savings Accounts. We carefully review all of the available HSA options offered by the major health insurers in the state and only recommend the specific plans that will provide the coverage you need at a rate that meets your budget concerns. In many situations, an HSA will not be suitable for you and we will explain why and also discuss alternatives. And of course, we”re located here in Ohio, unlike most other websites.

To easily view, compare or apply for Ohio HSA coverage, simply click on the “Get Instant Quote” button at the top of the page. Or, you can call us at (888) 513 6446. I also have an HSA (myself, wife and two children) and I’ll be happy to review your options and provide an unbiased recommendation.

Ohio Health Savings Accounts have a new contribution limit for 2010. The annual contribution limits have been increased to $3,050 for individual HSA coverage and $6,150 for family HSA coverage. The 2010 minimum annual deductible is $1,200 for individual HSA coverage and $2,500 for family HSA coverage.

A Health Savings Account (HSA) is an affordable alternative to traditional health insurance that offers Ohio residents an alternative method to pay for their health care. HSAs enable you to pay for current health expenses and save for future qualified medical expenses on a tax-free basis. Most major Ohio health insurance companies offer HSAs. The most competitive rates are offered by Anthem Blue Cross, Medical Mutual, Aetna, UnitedHealthOne and Humana.

You must be covered under a High Deductible Health Plan (HDHP) to qualify to make an HSA contribution. An HDHP is an inexpensive health insurance policy that costs substantially less than a traditional Ohio health insurance plan, and offers you the opportunity to deposit the money you save into the HSA.

As Ohio’s premier trusted resource for affordable HSA coverage, we research all of the major health insurance companies. Only the highest-quality plans are considered with most offering preventive coverage that is not subject to a deductible. The quoted rates are the lowest allowable by the state, since premiums are mandated. That ultimately protects the consumer.

To instantly view, compare or apply for an Ohio HSA, please click on the “Get Instant Quote” button at the top of this page. Your personal information is never shared with any other person or company.

Department of the Treasury Official HSA Publication