Imagine having a health plan that lets you see the doctors you want and helps boost your retirement savings.
By choosing Simply BlueSM HSA PPO during open enrollment, you can turn this dream scenario into a reality. This health plan offers:
The flexibility and broad network of our industry-leading PPO network
A health savings account to set money aside for your health expenses and retirement, so it’s there when you need it.
Comprehensive benefits and a valuable savings tool: That combination is simply too good to pass up.
Coverage that pays it forward
Simply Blue HSA PPO benefits include everything from office visits and prescription drugs to inpatient and outpatient hospital care, with most in-network preventive care paid at 100%. And you and your eligible dependents can use money saved in your HSA to pay for:
Deductibles and coinsurance
Qualified expenses, including medical care and prescription drugs
Emergency care and other unexpected services
Some qualified expenses not covered by your health plan
You can use an HSA debit card to conveniently pay for your expenses.
Set money aside for today and tomorrow
Having an HSA comes with other advantages:
You own your HSA funds for life: The money in your HSA is yours and goes with you if you retire. The HSA balances roll over from year to year and don’t expire.
It’s tax-free: Contributions to your HSA through payroll deductions, investment gains and withdrawals for qualified medical expenses are all tax-free.
Catch-up contributions are allowed: If you’re 55 or older, you can contribute more than the annual contribution limit until you enroll in Medicare. The IRS defines the catch-up contribution amount each year.
Create a retirement nest egg
Choosing Simply Blue HSA PPO is a solid investment in your health — and your financial security:
Once your HSA balance reaches a certain threshold, you can choose to invest in a selection of mutual funds.
If you retire before age 65 and aren’t yet eligible for Medicare, you can use your HSA funds to pay your pre-retiree plan premiums.
If you’re 65 or older, you can use your HSA funds for nonhealth care expenses. However, you’ll be required to pay income taxes for any nonhealth care expenses.