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Health Plans

Personal Choice EPO Reserve Plans With an HSA

Our Personal Choice® EPO Reserve plans work like other EPO health plans in that you can see any in-network doctor or specialist without a referral. But with the HSA-qualified plan, you can set aside money in a tax-advantaged health savings account (HSA) for any qualified medical expenses you may have. This money can be used for copays, deductibles, and coinsurance for health services. It can even be used for copays, deductibles, and coinsurance for health services. It can even be used to pay for some health services that may not be covered by your plan, such as LASIK surgery. And you don’t need to worry about using all of your HSA dollars during the plan year. Any leftover money rolls over each year to pay for future qualified medical expenses.

Is a EPO Reserve Plan With an HSA the Right Plan For You?

An HSA-qualified health plan may be the best health plan for you and your family if you live within one of these five counties and want to save money on current and future (after the current plan year) health care expenses. These types of health insurance plans allow you to spend your health care dollars on qualified medical expenses — tax-free.

How an HSA Saves You Money

HSA plans are more affordable than many other health plans, so you save money on your monthly premiums. Plus, you can save even more by investing in a tax-advantaged account that earns interest. Any taxes you pay on the money you contributed to the HSA will be returned to you when you file your annual taxes. Plus, you don’t have to pay taxes on the money you take out for qualified medical expenses or any interest you earn on the account.

Benefits of an HSA

  • Use the money you save to make tax-deductible HSA contributions
  • Take tax-free withdrawals to pay for qualified medical expenses
  • Save for future health care expenses

Plan Name

Deductible

Primary Care Physician Visit

Specialist
Visit

Inpatient
Hospital

Generic Prescription Drugs

Personal Choice EPO Silver Reserve

$2,700

30% after deductible

30% after deductible

30% after deductible

30% after deductible (integrated with medical deductible)

Personal Choice EPO Silver Reserve Select1

$2,700

30% after deductible

30% after deductible

30% after deductible

30% after deductible (integrated with medical deductible)

Personal Choice EPO Bronze Reserve

$6,650

0% after deductible

0% after deductible

0% after deductible

0% after deductible (integrated with medical deductible)

Scroll or swipe to reveal all table data.

Open an HSA

Through Independence, you can set up an integrated HSA or you can set up an HSA with another vendor. When opening an HSA through Independence, you can easily set up your account, view your activity, and even pay in-network providers through ibxpress.com. It’s easy to set up an HSA — simply create an account at ibxpress.com after you enroll in the EPO Reserve plan. Once you are logged in, click on Claims & Spending tab and select Open a Health Savings Account under I want to. Once your information has been processed, you will receive a welcome kit and a separate HSA Visa debit card in the mail.

HSA advantages:

  • Convenient account management through ibxpress.com
  • Easy claim payment and reimbursement process for qualified out-of-pocket expenses through ibxpress.com
  • An HSA Visa debit card that can be used to pay for medical expenses directly from the spending account
  • Direct contributions can be transferred online
  • An interest-bearing account that allows you access to a wide variety of industry-leading investment options to help you maximize savings year after year
  • Once your balance reaches $500, you can invest any portion of the balance above that level

Resources

Additional information

Review important information to get a better understanding of our individual and family health insurance policies and guidelines and the steps Independence Blue Cross takes to help you receive appropriate covered services.

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1 Personal Choice EPO Silver Reserve Select is not available for purchase through the Federal Health Insurance Marketplace and must be purchased through Independence directly.

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