Health Savings Accounts
A Health Savings Account (HSA) is an account into which you can place pre-tax dollars to pay for current medical expenses, or save for the future. As healthcare needs arise, you select when and where you seek treatment – and pay from your tax-free HSA account. If you do not spend the money, the dollars contributed to your account are yours to keep. Dollars remain in your account and grow tax-deferred to be spent as you wish after age 65 (similar to an IRA or a 401k). An HSA account provides options and control over your healthcare choices, and also provides a tax-sheltered savings platform that grows as a tax-free retirement savings account.
In response to member requests for a plan of benefits that would qualify as a Health Savings Account, the Georgia Bankers Association Insurance Trust, Inc. offers a Health Savings Account-eligible plan. Please click here for a summary of those benefits. The plan is administered by Paragon Benefits, Inc.
Questions? Email the Webmaster
Insurance Trust
Staff
Dan Thomason
Susan Kelley
Lee Belaus
Courtney Rowland
Marketing &
Service
Holmes/Shaw Agency
Bruce Shaw
David Holmes
Rad Downey
Skip Hill
Guy Whidby
Noel Williams