JACKSONVILLE, Fla., June 14 /PRNewswire-FirstCall/ -- Blue Cross and Blue Shield of Florida (BCBSF) announced today that it has received approval from the Office of Insurance Regulation to offer high-deductible health plans that are compatible with Health Savings Accounts (HSAs) to individuals under 65. These plans are part of a growing platform of affordable choices that are supported by programs and tools for helping individuals manage their health care costs. HSA-compatible high-deductible health plans will be available beginning July 1 and will be offered in select areas of the state.
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HSAs are tax-deductible savings accounts set up to help individuals pay for health care expenses that are not reimbursed by a health insurance plan or any other health reimbursement source. Any interest and investment earnings are not taxable, so the money in HSAs grows tax-free. Withdrawals for qualified medical expenses are also tax-free.
“BCBSF is pleased to provide plans that are compatible with HSAs to our BlueOptions individual plan policyholders as a way to save for future medical expenses and retiree health expenses,” said Jill Gleeson, group vice- president, individual business markets, BCBSF. “We are enhancing our low-cost coverage options for the uninsured by offering this new health plan.”
BCBSF is a leader in Florida’s health industry. BCBSF and its subsidiaries serve more than 6 million people. Celebrating its 60th anniversary this year, the company has been dedicated since 1944 to meeting the diverse needs of all those it serves by offering an array of choices. BCBSF is a private, policyholder-owned, tax-paying mutual company. Headquartered in Jacksonville, Fla., BCBSF is an Independent Licensee of the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies.
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CONTACT: Mark Wright, Senior Public Relations Consultant, Blue Cross andBlue Shield of Florida, +1-904-905-6935, or mobile, +1-904-233-3481
Web site: http://www.bcbsfl.com/