Will Independence Blue Cross be Offering an HSA for 2018?

Considering a Health Savings Account (HSA) for 2018? You might be wondering if Independence Blue Cross will be offering this option.

An HSA is a tax-advantaged savings account specifically for medical expenses. Contributions to an HSA are tax-deductible, and the funds can be used for various healthcare costs.

As of 2018, Independence Blue Cross does offer HSA-compatible health plans. This means you can open and contribute to an HSA if you enroll in one of these plans.

Here are some key points to know:

• HSAs can only be paired with high-deductible health plans (HDHPs).
• Individuals can contribute up to a certain limit each year, with higher limits for family coverage.
• Contributions to an HSA can be made by you, your employer, or both.
• Funds in an HSA roll over from year to year and are yours to keep, even if you change health plans or employers.

Choosing an HSA can be a smart way to save for future medical expenses while enjoying tax benefits. It's essential to understand the specifics of the Independence Blue Cross HSA offerings and how they align with your healthcare needs.

Are you thinking about taking advantage of a Health Savings Account (HSA) in 2018? If so, you'll be pleased to know that Independence Blue Cross is offering HSA-compatible health plans, allowing you to enjoy significant tax benefits while saving for your future medical expenses.