Kansas Insurance Commissioner 
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Health Savings Account (HSA)
In Kansas, high deductible health insurance policies are available to consumers in conjunction with a Health Savings Account (HSA). The Kansas Legislature authorized compliance in 2004 with the plan approved by Congress and authorized insurance companies began to market approved HSA policies that year.
What are Health Savings Accounts?
An HSA is a product that offers a high deductible health plan, tax savings advantages, and the ability to keep the plan after a consumer is eligible for Medicare for tax-free withdrawals of qualified medical expenses. Consumers are able to pay for their current medical expenses and save for future qualified medical and retiree health expenses on a tax-free basis.
The Kansas Insurance Department approves all high deductible plans sold in the state. Therefore, consumer assistance representatives are able to answer questions regarding the high deductible health insurance plans. Click here for a listing of the approved plans (pdf).
A consumer must have a high deductible health plan in order to open up an HSA account. Click here for a listing of banks offering to service an HSA account (pdf). This list is not inclusive.
More Information
- Commissioner Praeger encourages anyone who has further questions about Health Savings Accounts to contact her Consumer Assistance Hotline at 800-432-2484.
- U.S. Department of the Treasury - basic information on HSAs, qualified medical costs, contribution amounts, and other information.
- America's Health Insurance Plans (AHIP) - under the "Health Savings Accounts" link, provides links to current news articles about HSAs.
- National Association of Health Underwriters (NAHU) - provides an HSA consumer brochure under the "Consumer Guides" link as well as a variety of information related to HSAs.