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Health Savings Account North Carolina Quote
Blue Options HSA North Carolina
Blue Options HSA pairs Blue Cross and Blue Shield of North Carolina's most popular type of health plan – the Preferred Provider Organization (PPO) – with a Health Savings Account (HSA). It is a tax-free way to help pay for current and future out-of-pocket health care expenses. To be eligible to open a Health Savings Account and begin saving money for medical expenses tax-free, you must first be covered by an IRS-qualified high deductible health plan (HDHP) such as the Blue Options HSA. High deductible health plans have lower premiums than traditional plans so you will begin saving money immediately.
The beauty of the HSA is that you can make tax-deductible contributions in a lump sum or throughout the year and as your HSA balance grows, it accrues earnings tax-free, and all qualified payments made from the HSA account are also tax-free. Funds that are not used in a given year roll over to the next year and belong to YOU. Additionally, HSA funds can be invested to save for future medical expenses or even retirement.
With the Blue Options HSA, you can begin using your HSA funds even before you meet your specified deductible! Until you reach your deductible, you will be responsible for the total cost of any health care that you receive. However, you will still receive the Blue Cross negotiated discount rate when you visit a participating provider. You can choose to use your HSA debit card or checkbook to pay for the services directly, or, you may choose to reserve your HSA money for future medical expenses. You can also choose to use your HSA fund to pay for qualified medical expenses that are not covered by the health plan, such as over-the-counter medications and LASIK eye surgery, among others.
As a subscriber to a Blue Options HSA plan, you are also covered for certain preventive care services before you ever meet your deductible. These services include Annual Physical Exams, Annual OB/GYN Exams, Annual Pap Smear, Mammography and PSA Screening, and Standard Immunizations.
GetNCHealthInsurance.com offers Blue Options HSA℠ which is the newest health care innovation offered by Blue Cross and Blue Shield of North Carolina®. It combines a high-deductible health plan with an HSA. HSA's are savings accounts for medical expenses that allow you to pay for current and future medical costs tax-free. High-deductible health plans have lower premiums than standard plans, making your health coverage even more affordable. Together, a high-deductible health plan plus an HSA create an opportunity for real savings.
- Health Plan
- Comprehensive Benefits
- Choice of deductibles start at $1,100 for individuals
- Lower monthly premiums – sometimes as much as 30% lower than traditional plans5
- Preventive care coverage – some services covered at 100% before you reach your deductible (in-network coverage)
- Prescription drug coverage
- Large network in NC – BCBSNC discounted prices apply
- In – and Out–of–network coverage
- Coverage travels with you in the US and over 200 countries and territories worldwide
- Eligible for BCBS Health Management programs
- HSA
- Mellon HSA Solution available for this plan6
- HSA funds used to pay current out–of–pocket expenses tax-free7
- HSA contributions are tax deductible and earnings may grow tax free
- Balance of the HSA rolls over each year
- Fully portable – HSA goes with you even if you switch health plans
- Investment options – Dreyfus funds available when account reaches a certain amount8
- Manage your HSA online
- HSA Calculator
- Use the HSA Debit Card or HSA checks to access your account
- Blue Options HSA
- Easy application process
- Automatic enrollment in your HSA
- HSA automatically included
- Combined online account manageme
Health Savings Account North Carolina
(1)Prescription drug benefits are divided into four drug-formulary tiers with varying co–payment/coinsurance amounts based on the tier placement of a drug. Specific drug information can be found on the Prescription Drug Search tool at bcbsnc.com. Diabetic supplies are covered at 75% under the prescription drug benefit. In addition, benefits are provided for over-the-counter drugs when listed as covered in the formulary and a provider's prescription for that drug is presented at the formulary.
(2)Only gynecological exams, cervical cancer screening, ovarian cancer screening, screening mammograms
(3)Blue Extras discounts on certain goods and services may not be provided directly by BCBSNC, but may instead be arranged by BCBSNC for member convenience. Any discounts are outside your health plan benefits. BCBSNC is not liable for problems resulting from goods and services it does not provide directly, such as goods and services not being provided or being provided negligently. BCBSNC provides the Decision Support Tools for member convenience. These are meant to be reference tools only and are not intended to provide legal, medical or tax advice. BCBSNC provides the Member Health Partnerships program for your convenience and is not liable in any way for the services received. BCBSNC reserves the right to discontinue or change these programs at any time.
(4)Referrals may be needed for mental health and substance abuse services.
(5)BCBSNC Internal Data
(6)BCBSNC does not administer your HSA. Your HSA custodian is Mellon Trust of New England, N.A. BCBSNC is not affiliated with your HSA custodian or administrator.
(7)Withdrawals are tax-free only if used for qualified medical expenses. See www.irs.gov for specific regulations.
(8)Dreyfus is made available by Mellon. BCBSNC is not affiliated with your investment fund.