Chartered Health & Wealth

Your Out-of-Pocket Maximum (OOPM) is the most you have to pay for covered services in a plan year. After you spend this amount on deductibles, copayments, and coinsurance, your health plan pays 100% of the costs of covered benefits.

A Health Savings Account (HSA) is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. HSAs can only be used with HDHPs.

HSAs offer tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. It provides flexibility, allows unused funds to roll over annually, remains with you if you change jobs or retire, and often includes investment opportunities for potential growth.

An easy way to retain quality employees is to have an attractive group insurance plan. Let's meet today to discuss which options are best for you and your team.

Finding the perfect medical insurance group plan for your business can feel overwhelming. Sometimes you just wish you had a real person in front of you to ask what it all means and what's best for your small business. At Chartered Health & Wealth, that's exactly what we do. Reach out today for a complimentary session!

Need a free second opinion on your health insurance coverage? Now is the time. Make sure you know all your options before the next open enrollment! Reach out today to schedule a complimentary session.