Can You Get an HSA Policy That's Not a Group Policy?

If you're considering opening a Health Savings Account (HSA) and wondering if you can get an HSA policy that's not a group policy, the answer is yes!

Individuals can open their own HSA without having to be a part of a group policy through their employer.

Here are some key points to keep in mind:

• An HSA is a personal savings account designed to help individuals save for qualified medical expenses.
• HSAs are typically offered by banks, credit unions, insurance companies, and other approved financial institutions.
• Individuals can contribute to their HSA on their own, and contributions are tax-deductible.
• With an HSA, you have control over how the funds are invested, and the money rolls over year after year, unlike a Flexible Spending Account (FSA).
• Having an HSA can provide you with a financial safety net for unexpected medical expenses.

So, if you're looking to take control of your healthcare expenses and save for the future, opening an HSA that's not tied to a group policy is a great option!

Absolutely! You can enjoy the benefits of a Health Savings Account (HSA) without being part of a group policy. Opening an individual HSA allows you to take charge of your medical savings.

In addition to being a personal savings account for qualified medical expenses, HSAs provide unique tax advantages that are hard to beat!