Medical Savings Insurance Company

Medical Savings Insurance Company specializes in providing Health Savings Account (HSA) plans to its customers. The health plans offered through Medical Savings Insurance Company are considered high deductible major medical plans designed to cover most major medical expenses while the consumer takes care of the smaller medical costs. The Medical Savings Insurance Company design of health plans offers consumers peace of mind, freedom of choice and lower monthly health care expenses.

Medical Savings Insurance Company, although licensed in many states nationwide, concentrates its marketing efforts in providing health care benefits to residents of California, Florida, Illinois, Indiana, Nebraska, Ohio, South Carolina and Virginia.

Medical Savings Insurance Company currently offers four different HSA qualified health plans, each providing a different level of health benefits, deductibles and co-insurance amounts. Deductibles under these plans range from $1,100 for individual health plans to $11,000 for family health plans. Also offered under the Medical Savings Insurance Company portfolio of health plans is the Choice 500.

Health plans offered through Medical Savings Insurance Company are HSA qualified plans which means that consumer costs are kept to a minimum, members are allowed to choose their own physicians and may opt to change physicians at any time, while being afforded the freedom to make their own necessary health care decisions.

Health Savings Accounts were introduced in 2004 and allow anyone who has a qualifying high deductible health insurance plan to fund a 100% tax-deductible account. Money in the Health Savings Account may be used tax-free for medical expenses and, if not used, rolls over from year to year. At age 65, the funds accumulated in the Health Savings Account can be used like a retirement plan, or still saved for future medical expenses.