The Out of Pocket Protection Plan is a simple, cost-effective solution for individuals and families now facing higher health insurance deductibles.  If you are currently enrolled in a health insurance plan with a deductible that is unaffordable or would cause financial pressure should you find yourself facing an unexpected accident or hospitalization, you can now virtually eliminate your deductible and ease your out of pocket expense.  In this ACA market, many NC health insurance plans now have deductibles of $3000, $5000, even $6000 and higher.  For most people, trying to meet such high out of pocket expenses is financially burdensome, if not crippling.  An Out of Pocket Protection Plan will put up to $6350 back in your pocket upon your first admission into the hospital and will pay up to $200 a day for up to 10 days of hospital confinement.

The math is simple.   (more…)

• A plan that gives you more control over your health care dollars
• Save more money with low monthly premiums
• Enjoy tax savings with a health savings account
• Coverage for preventive care and catastrophic events
• Combine a high-deductible health plan (HDHP) with a health savings account (HSA) and you can potentially reduce your monthly premium significantly and save money.
• Coverage for preventive care and catastrophes
• The money you contribute to your HSA is tax-deductible.
• When you need to pay for medical services, you can pay for them with the funds from your HSA.
• Your HSA rolls over from year to year. That means you keep what you put into it. It’s your HSA – it’s your money.

The information in this article is from bcbsnc.com, product benefits.

For more information on health insurance coverage in North Carolina, please visit our website at www.nchealthplans.com or call our toll free number 888-765-5400 and speak with one of our professional agents. Our agency provides coverage for health insurance in North Carolina through Blue Cross Blue Shield of North Carolina (BCBSNC). You may qualify for a 15% healthy lifestyle discount if you are in excellent health. Call us for details.

The annual contribution limit for health savings accounts (HSAs) will increase for high deductible health plans with effective dates of January 1, 2012 or later.

For individuals with self-only coverage enrolled in a high deductible health plan, the maximum HSA contribution amount will increase from $3,050 to $3,100. For individuals with family coverage enrolled in a high deductible health plan, the maximum HSA contribution amount will increase from $6,150 to $6,250.In 2012, a high deductible health plan will continue to be defined as a health plan with an annual deductible that is at least $1,200 for self-only coverage or $2,400 for family coverage, and an annual out-of-pocket maximum amount that does not exceed $6,050 for self-only coverage or $12,100 for family coverage. Out-of-pocket expenses include deductibles, co-payments and other amounts, but do not include premiums.

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