Exchanges

The Public Health Insurance Marketplace

One of the most impactful changes provided under the Affordable Care Act was the establishment of public health insurance exchanges, or marketplaces. Health saving accounts (HSAs) are a perfect companion to health insurance purchased on private insurance exchanges. If your clients buy insurance on a public insurance exchange, they can keep their HSAs or even open one at HSA Bank, should they not have one already.

Though this new world of health insurance has caused confusion for some, one constant is the HSA Bank Health Savings Account. As always, should the insurance plan your client purchases on the new public exchanges be considered a high deductible health plan, they can continue to fund their HSA Bank HSA up to the allowable limits. View IRS guidelines and limits.

Your clients benefit greatly by keeping their HSAs with HSA Bank's industry leading customer service, 24/7 account accessibility, and the industry's best, easy-to-use investment options.

In most public exchanges, the bronze plans are most often HSA eligible, though some silver plans may also qualify. While shopping, there will be a designation that the account is HSA compatible somewhere near the top of the plan listing.