HSA-Eligible Individual Plans
When you enroll in a SOLO High Deductible Health Plan (HDHP), you become eligible to contribute to a tax-advantaged Health Savings Account (HSA).
Health Savings Account (HSA)
An HSA is a tax-exempt trust or custodial account that is set up exclusively for the purpose of paying Qualified Medical Expenses (as defined by the Internal Revenue Code). Contributions to an HSA are only allowed while individuals are enrolled in an HDHP.
- HSA contributions are tax deductible.
- Interest earned in an HSA account is tax free.
- Money withdrawn from the account for qualified medical expenses is tax free.
- And more…
- Click here for HSA questions and answers.
RMHP has partnered with The Bancorp Bank to offer Health Savings Accounts (HSA) to our members enrolled in a Rocky Mountain High Deductible Health Plan. The Good Health Savings Account, administered by The Bancorp Bank, offers the following consumer benefits and more:
- No application or set-up fee
- No minimum balance is required
- Low monthly fee of $2.50 for balances under $2,500. This fee is waived for direct deposit and balances of $2,500.
- Free, no annual fee smart debit card
- Free box of checks
- Investment options offered through PFIC Securities Corporation
Click here for an overview of The Bancorp Bank services offered for HSA's.
Click here to check out our Good Health Savings Account website
Click on the links below to learn more about our SOLO HSA-eligible plans:
SOLO Smart Choice Plans
SOLO Smart Choice Brand Name Prescription Drug Rider