Health Savings Accounts Offer California Insurance Customers Freedom and Efficiency

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 25, 2008 -- Matt’s Health Insurance Services, a licensed independent Anthem Blue Cross / Blue Shield of California authorized agent, offers a rapid online quote service for California insurance consumers seeking information on Health Savings Accounts (HSAs) and the lowered rates and more attractive policies offered by this type of plan.

Insurance consumers—particularly the self-employed—are interested in the lower costs and increased efficiency of HSAs. These federally-mandated investment vehicles enables consumers to open a special savings account and earn tax-free interest on that money. The money deposited into the special health savings account can be written off at the end of the year just like an IRA. When needed the money can be used to prevent them from the effects of catastrophic medical bills. Additionally, the freedom of these self-directed plans frees California insurance consumers from restrictive policies and “preferred” networks of many major insurance providers. It’s estimated that the number of families using HSAs for their medical needs in 2010 will be 3500 % of 2004 levels. Yes, that number is correct: 14 million consumers are headed toward HSA coverage by 2010. Those numbers paint a clear picture: HSAs fulfill a need felt by many consumers on the American insurance landscape.

Economically, health savings accounts allow for tax-free medical savings. Additionally, earnings on HSAs are tax-free, whether they’re invested in stable money market accounts or risky stock and real estate ventures. And owners of HSA policies are free to visit whichever doctors, specialists, and hospitals they prefer—and to choose to undergo whichever procedures they see as necessary to their continued health.

For more information, consumers can visit the health savings account section of Matt’s Health Insurance Services online at http://www.mattsinsurance4ca.com. A one-minute online form provides all the information necessary for you to receive a rapid response from a licensed professional California insurance provider.

For more information, visit http://www.mattsinsurance4ca.com