For first time California health insurance consumers who find themselves shopping….and shopping…. and shopping…for just the right California health insurance plan, the HSA-compatible health plan – like the Shield Savings Plans from Blue Shield of California – may be the perfect antidote for those shoppers worried about a case of buyer’s remorse.

We understand buying your first California health insurance plan can be a bit daunting. After all – for young adults who are shopping for an insurance product they’ve never really had much contact with other than as a member on their parents’ health plan or having had a student health plan in college – the world of California health insurance plans can offer a dizzying array of plan options with myriad benefits. It’s a scenario tailor made for buyer’s remorse: You buy a health plan only to think to yourself at some later point “…maybe I should have gone with that other plan…”

What if there was a health plan concept that could meet the criteria most young adults have for their health insurance? There is: It’s called the HSA-compatible health plan and there’s one in particular we think holds special merit for California health insurance consumers who are new to the HSA concept: The Shield Savings Plan lineup featuring a Bridge Plan (hospital insurance indemnity rider). Here’s what you get with this innovative HSA-compatible health plan from Blue Shield of California:

• The cost savings in lower premiums that typically accompany HSA-compatible high deductible health plans.
• A $0 preventive care exam before any annual deductible that helps you maintain your present good health and/or help create a new wellness strategy between yourself and your physician.
• The simplicity of knowing that – after you’ve met the plan’s annual deductible – services like office visits, hospitalization, outpatient X-ray and laboratory services are provided at $0 for the remainder of the plan year.
• Insurance…for your insurance! For $5 a month for an individual plan owner or $10 a month for family, your Shield Savings Plan can feature a rider that pays $1500 per member (Up to $3000.) if you and/or a family member has an inpatient hospital stay of 72 hours or more during your first year of plan coverage. If you are enthused about the affordability of the Shield Savings HSA plan but concerned your present budget might make saving up enough money in your first year Health Savings Account a bit challenging, worry no longer with the Blue Shield of California Bridge Plan!

If HSA-compatible health plans like the Shield Savings Plans are a great California health insurance strategy for the young adult just starting out as a health insurance consumer, they are also the unique California health insurance strategy that grows right alongside with their owner. How so? Well, the money you save in your Health Savings Account doesn’t have to be spent: Savings grow tax free in the Health Savings Account you set up and continue to flourish in this tax advantaged environment for literally decades: Like your IRA or Roth IRA savings vehicles, you’ll get a chance to see the amazing impact tax free savings vehicles have on your money. For HSA-compatible health plan fans 55 and older? The law permits you to save an additional $1000 in your HSA annually.

Finally – whether you’re younger or older – every California health insurance plan owner deserves the sense of empowerment an HSA-compatible plan makes possible for the plan owner: You’ll have the ability to spend your HSA funds on the qualified medical expenses you want to spend HSA dollars on. And further: The list of qualified medical expenses also includes qualified dental expenses; making life even simpler for the health plan owner who’ll want the ability pay for both medical and dental expenses from the same Health Savings Account!

It occurs to us – and we believe the reader as well – that the HSA-compatible health plan is that rare health insurance product with almost universal appeal: Appealing to young adults who want affordability and simplicity in their health coverage strategies along with a health insurance strategy that can grow with its owner’s health care needs over the course of time, and likewise appealing to older Californians, who might be empty-nesters and see the HSA as a great way to pay for current health care services while also providing a great savings vehicle for potential health care services in retirement or even the purchase of a qualified California long term care insurance purchase at some later point down the road.

For our always free, always careful and considerate client consultations and assistance in creating the California health insurance strategy that is uniquely right for you – whatever your age! – contact us via the Vitality website or call us toll free at 800-607-1950.