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Consumers Life's Health Savings Account (HSA) Compatible plans provide you with quality health insurance combined with tax benefits and investment opportunities.
Information below reflects in-network benefits.
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100% HSA Plans |
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80% HSA Plans |
| Deductible |
$2,500; $3,000; $4,000; $5,000 |
$1, 200; $2,000 |
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| Premium |
Lower |
Higher |
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| Office visit |
100% after deductible |
80% after deductible |
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| ER Services |
100% after deductible |
80% after deductible |
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| Adult preventive care |
100% after deductible |
80% after deductible |
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| Maternity coverage |
N/A |
N/A |
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| Prescription drug coverage |
Included |
Included | |
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What is a Health Savings Account (HSA)? |
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There are two components to an HSA - a Qualified High-Deductible Health Plan (QHDHP) and a Health Savings Account (HSA). An HSA works like an IRA, except money deposited in the savings account can be used to pay for eligible healthcare expenses, including your health plan deductible. Plus, your yearly contributions can earn interest and be carried over from year to year. |
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What are Qualified High-Deductible Health Plans (QHDHP)? |
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A QHDHP is a comprehensive major medical plan that meets federal requirements to setup an HSA. QHDHPs offer premium savings and considerable discounts for physician services and prescription drugs. In exchange for lower premiums and income tax savings, individuals and families are able to afford a higher deductible health plan.
Qualified High-Deductible Health Plans meet your day-to-day medical and prescription drug needs by providing savings for routine care, serious illness and emergency care. You may select from several comprehensive major medical plans that are tailored to fit your needs and budget while providing choice, flexibility and direct access to care. | |
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Tax savings and lower premiums help offset higher deductibles. |
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HSA helps pay your deductible, coinsurance and qualified medical expenses. |
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QHDHPs offer you comprehensive major medical insurance, including prescription drug. |
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HSA functions as a bank account with checks and/or debit cards. | |
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| Qualified High-Deductible Health Plans (QHDHP) |
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Eligibility
- Under Age 65
- Not eligible for or entitled to Medicare or Medicaid
- Not pregnant or an expectant parent
- Resident of West Virginia at least 6 months of the year
Range of Deductibles*
- Single Coverage $1,200--$5,000
- Family Coverage $2,400--$10,000
Your Contribution (Health Plan Cost)
- Your health plan premium
- Deductible and coinsurance (if applicable) for medical and prescription drug expenses
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| Health Savings Account (HSA) |
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Eligibility
- Under Age 65
- Not eligible for or entitled to Medicare or Medicaid
- May not be claimed as a dependent
- Enrolled in a QHDHP
Your Contribution (Account Funding)
- Contribute on a weekly, monthly or yearly basis
- Annual contribution limit is the lesser of annual QHDHP deductible or maximum contribution
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* Maximum contributions and range of deductibles are subject to change due to government regulations.
Ready to apply?
| Call 800/338-5915 to enroll or learn more | | |
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