Insurance Plan Shows Potential - Tallahassee Democrat
Brief:
Florida State employees can now get Health Savings Acounts. The important thing is that the HSA’s have premium savings of about $400 per year for an individual, and about $1,330 per year for families. PLUS the state is also contributing to the employees HSA, $500 for individuals and $1,000 for families. PLUS-PLUS The employee gets to keep the HSA money when they leave.
What a deal! If you are an individual you get health insurance that is $400 a year less AND you get $500 for nothing. Families save $1,330 on premiums and get $1,000 for nothing. So state employees now have an extra $900 - $2,330 in their bank accounts if they get a health savings account in Florida.
OK so here is the bad news only 1% of the employees (844 employees) opted for this plan (one of them is Gov. Busch). I can’t believe that so few have taken advantage of this.
If anyone reading this is a State employee please contact me so I can explain this to you. HSA’s are great for everybody, but in this case it is even better because the state covers a good portion of the cost for the employee.