Since the year 2000, health care costs have risen at five times the rate of inflation and four times the rate of wages. In order to make health insurance affordable, major insurance companies are offering new HSA health savings insurance plans as a practical solution.
Tennessee Health Insurance Plans
An HSA is a lower cost way to insure you and your family against unexpected sickness or injury. (HSAs) health savings accounts were first created as a way to save money for health care expenses. A high deductible health insurance policy is paired with a health savings account to form complete health care coverage.
With a high deductible health insurance plan you get to spend less on monthly insurance premiums. If an accident or illness occurs, you pay the first $1000 to $5000 with money from the savings plan and the insurance company pays the rest. Many of these high deductible plans pay 100% of medical care costs after you’ve reached your deductible limit.
It’s possible to save one-third to one-half on your insurance rates with a HSA insurance plan. When compared to traditional health insurance, HSAs can cover you for catastrophic and routine medical care for a lot less money per month. It’s no wonder that HSAs are quickly gaining popularity as an affordable health insurance plan.
Health Insurance in Tennessee Quotes
One of the best ways to find affordable Tennessee health insurance is to go to an insurance quote website and request quotes. Immediately after you complete their short form, you’ll get several low cost HSA, HMO, PPO, and POS quotes while still online. After you have your quotes, you can compare the different policies and see which one works you. It’s that easy!
Source by Jim Westin