Used in conjunction with a high-deductible health plan (HDHP), a Health Savings Account (HSA) allows you to save for future medical expenses. Similar to an IRA or 401k, an HSA can provide many benefits, including favorable tax treatment.
High-Deductible Health Plans
01. Which health insurance plans qualify for use with a Health Savings Account (HSA)?
- The high-deductible health plan (HDHP) is the only health insurance coverage that is currently qualified to use with a Health Savings Account.
- Since HDHP monthly premiums are generally less than health plans with a lower deductible, you can put the money you might save (along with additional contributions) into your tax-advantaged HSA.
- You can then use these funds to pay for qualified medical expenses that would otherwise come out of your after-tax income. This could substantially extend your healthcare budget.
- Consult your tax advisor about deductibility of HSA contributions and charges.
- For more information on Health Savings Accounts visit Butte Community Bank.
02. Individual and Family Plans
Important
If you'd like to get a quote from Blue Shield or apply online, you must enter
our Prospect ID on the "Create New Quote" page: 421645095
- Blue Shield® of California offers four high-deductible health plans that are eligible for use with a Health Savings Account.
- Visit the official website of Blue Shield of California now to learn more about their HSA-eligible Shield Spectrum PPO Savings Plans.
- Request a Blue Shield Enrollment Kit or Download an Application.
* Blue Shield® and the Shield symbol are registered service marks of the Blue Shield Association.
03. Group Plans
If you own or manage a business and would like to establish a Health Savings Account program (in conjunction with a high-deductible health plan), please contact a Butte Community Insurance Agency representative.
Contact Information
Butte Community Insurance Agency
936 Mangrove Avenue
(at Palmetto Avenue)
Chico, CA 95926
(530) 893-1466
buttecommunityinsurance.com
California Department of Insurance License Number 0E61909
Important
Banking products such as checking accounts, savings accounts and certificates of deposit are FDIC insured and are offered through Butte Community Bank, an FDIC member.
Butte Community Insurance Agency, LLC is a wholly owned subsidiary of Community Valley Bancorp and can process insurance requests for both Butte Community Bank customers and non-customers. Purchasing insurance from Butte Community Insurance Agency is not a condition of obtaining credit at Butte Community Bank.
Insurance products are:
- Not a Deposit
- Not FDIC Insured
- Not Insured by any Federal Government Agency
- Not Bank Guaranteed
- May Lose Value
Equal
Housing Lender. Member