What Do HSA Plans Cover?
HSA health plans cover costs that are normally not covered by traditional health insurance policies like dental expenses, mental therapy, physical therapy, alternative treatments (acupuncture, aromatherapy and homeopathy and ayurvedic treatments), transportation and lodging expenses related to health care and maternity expenses.
HSA benefits include saving money on insurance premiums and on your income tax. In fact, you can call it a double bonanza of sorts. Individuals who stay healthy get a lot of benefits as the un-utilized money is yours, even when not used for medical purposes.
HSA health plans encourage people, to stay healthy as they can get substantial savings if the money is not used and it is a powerful incentive, which encourages people to opt for the health plans.
If you want to learn more about a bank health savings account, please don't hesitate to get in touch with Financial Center of Indianapolis. You might also be interested in our Reward Checking which earns dividends.