Options Blue – a plan with a tax-advantaged account 

Your savings add up

How a health savings account can help you save

See an example of tax savings.

  • You put tax-deductible dollars in your health savings account (HSA), which reduces your taxable income – so you pay fewer taxes.
  • Withdrawals for qualified health care expenses are never taxed.
  • You earn tax-free interest on the money in your account. Plus, your account comes with a variety of investment options when your balance reaches $1,000 or more. This allows your money to work even harder for you.
  • You don’t lose the money in your account at the end of the year. It’s yours to spend, save, earn interest and invest for the future.

How the health plan and account work together

Your health savings account and your health plan can add up to an affordable way to manage your health care expenses. See how the health plan and account work together. You can also watch a video or read more about how a health savings account works.

Setting up an HSA is easy

You can open an HSA online after you’re approved for health coverage. You’ll have three HSA and debit card options. You decide how much and how often to contribute. The maximum contribution in 2011 is $3,050 (individuals) and $6,150 (families). People 55 and older can make additional tax-advantaged contributions to their HSA. In 2011, this “catch-up” amount is $1,000.

Manage your health, your plan and your HSA at myBlueCross

As an Options Blue plan member, you can register for our online member center to see your claims and HSA account information, compare provider cost & quality, and access health and wellness resources. Take a tour of myBlueCross.

Apply now

Get a health insurance quote for Options Blue and apply online – it’s fast and easy.

Not sure if Options Blue is right for you? Use our Plan Selector for help choosing a plan.

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