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David Mascarenas is licensed to sell Life & Health Insurance in New Mexico, Texas, California, Georgia, North Carolina, Illinois, and New York. |
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HSA Information
The concept of Health Savings Accounts combines an affordable qualified High Deductible Health Plan (HDHP) and a tax-favored health savings account (HSA). The combination results in savings through lower health care premiums and a reduction in taxable income. The HSA grows tax-deferred, and if you use your HSA funds for eligible medical expenses, you never have to pay taxes on those funds!
With HSAs, you control your health care decisions! |
Below is the link for individual HSA enrollment with HSA Bank (Please be sure to enter our AIN so that we will receive credit for your business. Our AIN is 005530):
https://secure.hsabank.com/enrollment?ain=005530
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For added measure, here is a comparison between Group HSA, HRA and FSA: |
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Question |
HRA |
FSA |
HSA |
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Do the funds belong to the employee? |
NO |
YES |
YES |
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Can the money be invested and the employees earn interest? |
NO |
NO |
YES |
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Can the employees use the funds for things other than medical expenses? |
NO |
NO |
YES |
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Can the employee take the money with them if they switch employers? |
NO |
NO |
YES |
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Do the funds rollover year-to-year? |
Generally, NO |
NO |
YES |
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Who can contribute to the account? |
Employers |
Employee
Possibly, Employer |
Employers
and / or
Individuals |
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For group on-line enrollment, please go to the HSA Bank website: www.hsabank.com
Once there click on the Employers Area, Employer Sign-up and Enrollment. That will get you the Group Online information.
If you have any questions, or need any assistance, please feel free to give us a call.
Thank you!
505-293-8180 or 866-357-5232 ext. 34251
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