"AskTony" column archive

This Web site contains a compilation of more than a thousand consumer finance columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today. New material will be added beginning in late 2010.

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ValueMed insurance with HSA

originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If in doubt, please send a new question or ask for an update.

Q: My employer just raised the deductible on our HSA type group health insurance to $5000. If I sign up for both the ValueMed and ValueHealth plan to get more coverage, can I still be eligible for the HSA deduction?

A: Yes, ValueMed and ValueHealth are low cost supplemental health insurance plans that pay cash benefits to you and do permit you to remain eligible for a Health Savings Account even if your total insurance benefit is more than your total expenses. The price for each of these averages about $50 per month for most people under age 50. Click "Fast Quote" at MedSave.com and then select your state to check availability, prices and details of this coverage.

Summary

More resources:

ValueMed insurance plan ValueHealth insurance plan