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Health Savings Accounts Can Help Reduce Insurance Costs in Montana

HSAs are a fast-growing healthcare option for many small business owners and self-employed professionals. If you currently have a high-deductible health plan (HDHP), or are looking to provide one for your business, you need to take a closer look at another cost-saving option provided by New West Health Services- the Health Savings Account.

Key Features of a HSA-Qualified Plan

  1. High-deductible health insurance coverage: The deductible must be at least $1,150 for individuals and $2,300 for families. A higher deductible translates into lower premiums for your business. 
  2. Health Savings Account: Your employees can contribute up to the maximum out-of-pocket limit ($3,000 for individuals and $5,950 for families) to the account each year. Employees are protected through limits on out-of-pocket expenses ($5,800 for individuals and $11,600 for families).
  3. Tax-free contributions and distributions: Funds contributed to an HSA qualify as a federal income tax deduction. As long as the money is used for qualified medical expenses, there is no tax penalty when it is withdrawn.
  4. No “use-it-or-lose-it” provision: Unlike a Flexible Spending Account (FSA), contributions to an HSA are not subject to any “use-it-or-lose-it” provisions. If the funds contributed to the HSA are not used in one year, they are simply rolled-over for future use.

An HSA is a great way for small businesses to use a high-deductible health plan to provide benefits to employees, while potentially reducing costs to both the business and the employee. 

NFIB members in Montana with two to 50 employees have the opportunity to receive a no-obligation insurance quote on a HSA-qualified health plan with an average premium savings of 7% from New West Health Services. To take advantage of this opportunity, contact your local independent health agent to obtain a quote. If you do not have an agent, contact New West Health at 888-873-8046.

Learn more about the NFIB/Montana Healthcare program and New West Health Services.


*Premium savings available exclusively to NFIB members with two to 50 employees in the state of Montana.  Actual savings may vary based on group specific characteristics.  Policy restrictions may apply.  Groups must be domiciled in the state of Montana, although employees may live outside of the state.  Contact a New West Health Services representative for more information on restrictions and availibility.

NFIB Member Benefits are offered by third-parties through contractual agreements with the NFIB Member Services Corporation, a wholly-owned subsidiary of NFIB, or one of its affiliated insurance agencies.  NFIB's insurance progams are conducted through the MSC Insurance Agency of Tennessee, LLC, which is qualified to do business in all of the states in which it operates.  California License OC73907.