How do I set up an HSA?

Our qualified agent will answer your Medicare questions.

What Health Reform means to Montana employers and employees…and recommendations as to how you might take advantage of the changes.

Doctor's Office

Local Physician Stan Seagraves M.D., provides insight into some critical situations that you may face.

Health Insurance

Information on Health Savings Accounts (HSA's) as well as Key recommendations for Business Owners and Human Resource Managers.

Health Savings Accounts Information

For more information on HSA's, visit this HSA FACT SHEET.

HSA Common Questions

How do I, set up an HSA?

Step one of setting up an HSA is to procure a ‘qualified’ high-deductible health insurance policy.

The first question I hear at this stage is, “what does ‘qualified’ mean?

A: An HSA medical plan has to meet certain criteria determined by IRS regulations, such as;

An individual deductible can be no lower than $1200 and can be no higher than $5950.

Prescription drugs are applied to the medical deductible and there is no prescription drug card with co-pays.

Preventive benefits, such as annual exam, colonoscopy, mammogram can be paid by the insurance company without having to meet the deductible.

Just because you have a high deductible policy doesn't mean that it is HSA qualified. If you are unsure, be sure to check with your insurance company for this determination.

What are Health Savings Accounts (HSA's)?

How do I set up an HSA?

What are qualified medical expenses?

"Can I pay my health insurance premiums from my HSA?"

Can I withdraw money from my HSA for non-medical purposes?

How do employer sponsored HSA medical plans affect employees that are 65 and older?

2 questions asked by a Facebook fan

Is there a time limit?