How the Health Savings Accounts are saving Tennesseans Taxes Big Time. Video Comment.
The #1 Non-Affiliated Educational E-Books in
America on HSA's, HDHP's, CDHC!
www.HealthSavingsAccountsInc.com
Friday, March 28, 2008
Thursday, March 27, 2008
Health Savings Accounts Guidelines Made Easy 4 Entrepreneurs
Did you miss our newest release of the #1 selling e-book in America? If so, you can still own your own. Bypass the hype, advertising or industry push and get the only non-affiliated e-books designed for all! Look around, do your homework and come back and get the #1 e-books and guarantee.
The #1 Non-Affiliated Educational E-Books in
America on HSA's, HDHP's, CDHC!
www.HealthSavingsAccountsInc.com
The #1 Non-Affiliated Educational E-Books in
America on HSA's, HDHP's, CDHC!
www.HealthSavingsAccountsInc.com
Monday, March 17, 2008
Health Savings Accounts goes video!
Health Savings Accounts goes video! We have made the step to now make available the leading and #1 e-book author of "Health Savings Accounts Guidelines Made Easy" available in PDF for entrepreneurs, employers, employees, Human Resource Departments, Banks Credit Unions Trustees/Agents, Insurers/Representatives. That's 6 updated, not copied...for immediate download. Get yours now and see why so many have and used these version to save on taxes this last year and now for years to come. Do it now.
Sorry I've been gone so long.
Sorry,
I have been gone from foot surgery and recuperating.
Were back now with voice & video.
The #1 Non-Affiliated Educational E-Books in
America on HSA's, HDHP's, CDHC!
www.healthsavingsaccountsinc.com
I have been gone from foot surgery and recuperating.
Were back now with voice & video.
The #1 Non-Affiliated Educational E-Books in
America on HSA's, HDHP's, CDHC!
www.healthsavingsaccountsinc.com
Wednesday, September 05, 2007
Health Savings Accounts: Education and Easy to Understand Tools and Language in Great Demand!
Health Savings Accounts are a great financial tool. There are so many people writing about the same thing (Almost a copy & paste of the same story with updates for 2007 and a small subject of interest to the writer...who works for an insurance company.).
Were are the educational tools and insight to lead, direct and help people understand how to use this wonderful tool?
Were are the educational tools and insight to lead, direct and help people understand how to use this wonderful tool?
Health Savings Accounts: Another example of just writing about the same things over and over! Were is the new insight?
Considering Health Savings Accounts
Since Health Savings Accounts (HSAs) were created by the Medicare bill signed into law in 2003 they are being considered by more and more Texans as a health insurance option. Here is a quick overview on a complicated subject. What's a Health Savings Account (HSA)? They have two parts. The first part is a qualified high-deductible health insurance policy that covers large medical bills. The second part of the Health Savings Account is an investment account or retirement account from which you can withdraw money tax-free for medical care. If you don't withdraw the money for medical expenses, the money accumulates with tax-free interest until the age of 65, when you can withdraw it for any purpose and pay normal income taxes. Who's eligible for an HSA?Anyone under age 65 who buys a qualified high-deductible health insurance policy can open an HSA. If you're covered by another health insurance policy that isn't a qualified high-deductible plan (either as an individual or a dependent), you're not eligible for an HSA. If, however, you are eligible, you can still carry other accident, disability, dental, vision and long-term care insurance policies.How much can I contribute annually to an HSA? For 2007, you can contribute up to $2,850 for individual coverage or $5,650 for families. If you're 55 and older, you can make a catch-up contribution of $800. Legislation approved at the end of last year allows you to contribute up to these limits, even if your insurance deductible is less.Can any high-deductible health insurance policy qualify for an HSA? Any high-deductible health insurance policy can qualify, as long as it meets the IRS requirements. The deductible must be at least $1,050 for individuals or $2,100 for families, and the annual out-of-pocket expenses cannot exceed $5,250 for an individual or $10,500 for a family. This includes deductibles and co-payments, but not premiums. So you can buy an individual high-deductible healthcare policy, or purchase one through your employer. To qualify as an HSA-eligible policy in 2007, your health insurance plan must have a deductible of at least $1,100 for individual coverage or $2,200 for families. You can then make a contribution to your HSA up to the amount of the deductible each year. If you're buying an individual plan, be sure to ask your health insurance company if it is an HSA qualified high deductible plan. Not all high deductible plans are eligible, or qualified.Where can I get an HSA-Eligible Plan?First you need a qualified high deductible plan. Finding a plan depends on whether you get it through your employer or purchase individual insurance. Employer Insurance If you get health insurance through your employer, ask about the HSA-eligible option during the group policy's open-enrollment period, which is generally in the fall. Or talk to your benefits manager to see if HSAs will be on your health insurance menu. Choosing an HSA could significantly reduce your share of premiums, and some employers may opt to fund all or part of the HSA, much like a 401(k)-style match. Individual Insurance - You can find a list of health insurance companies offering HSA-eligible plans in Texas on line. The list of companies offering HSA-eligible plans continues to grow every month. Your individual insurance company or employer will then almost certainly direct you to their preferred vendor for the administration of your HSA account. Using the preferred vendor is usually to your advantage as data is more easily transferred between the insurance company and the HSA administrator and you get a break on the administration fees. You are, however, free to chose another HSA administrator if you prefer.
Pat Carpenter writes for Precedent Insurance Company.
Since Health Savings Accounts (HSAs) were created by the Medicare bill signed into law in 2003 they are being considered by more and more Texans as a health insurance option. Here is a quick overview on a complicated subject. What's a Health Savings Account (HSA)? They have two parts. The first part is a qualified high-deductible health insurance policy that covers large medical bills. The second part of the Health Savings Account is an investment account or retirement account from which you can withdraw money tax-free for medical care. If you don't withdraw the money for medical expenses, the money accumulates with tax-free interest until the age of 65, when you can withdraw it for any purpose and pay normal income taxes. Who's eligible for an HSA?Anyone under age 65 who buys a qualified high-deductible health insurance policy can open an HSA. If you're covered by another health insurance policy that isn't a qualified high-deductible plan (either as an individual or a dependent), you're not eligible for an HSA. If, however, you are eligible, you can still carry other accident, disability, dental, vision and long-term care insurance policies.How much can I contribute annually to an HSA? For 2007, you can contribute up to $2,850 for individual coverage or $5,650 for families. If you're 55 and older, you can make a catch-up contribution of $800. Legislation approved at the end of last year allows you to contribute up to these limits, even if your insurance deductible is less.Can any high-deductible health insurance policy qualify for an HSA? Any high-deductible health insurance policy can qualify, as long as it meets the IRS requirements. The deductible must be at least $1,050 for individuals or $2,100 for families, and the annual out-of-pocket expenses cannot exceed $5,250 for an individual or $10,500 for a family. This includes deductibles and co-payments, but not premiums. So you can buy an individual high-deductible healthcare policy, or purchase one through your employer. To qualify as an HSA-eligible policy in 2007, your health insurance plan must have a deductible of at least $1,100 for individual coverage or $2,200 for families. You can then make a contribution to your HSA up to the amount of the deductible each year. If you're buying an individual plan, be sure to ask your health insurance company if it is an HSA qualified high deductible plan. Not all high deductible plans are eligible, or qualified.Where can I get an HSA-Eligible Plan?First you need a qualified high deductible plan. Finding a plan depends on whether you get it through your employer or purchase individual insurance. Employer Insurance If you get health insurance through your employer, ask about the HSA-eligible option during the group policy's open-enrollment period, which is generally in the fall. Or talk to your benefits manager to see if HSAs will be on your health insurance menu. Choosing an HSA could significantly reduce your share of premiums, and some employers may opt to fund all or part of the HSA, much like a 401(k)-style match. Individual Insurance - You can find a list of health insurance companies offering HSA-eligible plans in Texas on line. The list of companies offering HSA-eligible plans continues to grow every month. Your individual insurance company or employer will then almost certainly direct you to their preferred vendor for the administration of your HSA account. Using the preferred vendor is usually to your advantage as data is more easily transferred between the insurance company and the HSA administrator and you get a break on the administration fees. You are, however, free to chose another HSA administrator if you prefer.
Pat Carpenter writes for Precedent Insurance Company.
I am shocked too!
I am sorry, I had the month of August set to auto post and came off of a business and family business trip and found no posting. I apologize!
You will find all of these posting come up in the same day on RSS feeds. They do update the month of August.
I must get a propeller head to master this for me.
Thanks for your understanding.
You will find all of these posting come up in the same day on RSS feeds. They do update the month of August.
I must get a propeller head to master this for me.
Thanks for your understanding.
Tuesday, August 21, 2007
Health Savings Accounts: 2008 a Breakout Year for HSAs!
HSAs Could Have 'Breakout Year' in 2008, Consultants Say
August 21, 2007 - Kaiser Network - Daily Health Policy ReportEnrollment in high-deductible health plans linked with health savings accounts has continued to increase since they first became available in 2004, but 2008 "could be their breakout year," according to some health care consultants, the Washington Times reports. According to consultants, enrollment in high- deductible health plans linked with HSAs in 2008 is expected to increase by an estimated four million to a total of 10 million as more large companies begin to offer such plans to help reduce health care costs.
August 21, 2007 - Kaiser Network - Daily Health Policy ReportEnrollment in high-deductible health plans linked with health savings accounts has continued to increase since they first became available in 2004, but 2008 "could be their breakout year," according to some health care consultants, the Washington Times reports. According to consultants, enrollment in high- deductible health plans linked with HSAs in 2008 is expected to increase by an estimated four million to a total of 10 million as more large companies begin to offer such plans to help reduce health care costs.
Tuesday, August 14, 2007
Health Savings Accounts: Second Quarter Growth Lower Than Fist...Still on Track to Reach 8 Million!
Despite Industry Stakeholder Concerns, Second Quarter HSA Growth Significant
August 14, 2007 - HSAFinder.com Second quarter account growth (16%) for Health Savings Accounts (HSAs) was lower than in the first quarter (22%) but still on target to reach 8 million by the end of the year, according to Information Strategies, Inc. (ISI). During the same period, deposits grew at a 26% rate versus the first quarter increase of 22%, to $7.8 billion, according to the parent of www.HSAfinder.com. The company has been tracking HSA insurance coverage and custodial accounts since their inception, utilizes reports from custodial institutions across the country, and is the most detailed in the industry.
August 14, 2007 - HSAFinder.com Second quarter account growth (16%) for Health Savings Accounts (HSAs) was lower than in the first quarter (22%) but still on target to reach 8 million by the end of the year, according to Information Strategies, Inc. (ISI). During the same period, deposits grew at a 26% rate versus the first quarter increase of 22%, to $7.8 billion, according to the parent of www.HSAfinder.com. The company has been tracking HSA insurance coverage and custodial accounts since their inception, utilizes reports from custodial institutions across the country, and is the most detailed in the industry.
Health Savings Accounts: Will Create 40 Billion in New Business Opportunities!
Consumer-Directed Healthcare Will Create $40 Billion in New Business Opportunities
August 14, 2007 - PRNewswire, ChicagoConsumer-directed healthcare plans don't have a reputation for being particularly consumer-friendly. In fact, the demand from consumers and employers for a better health/wealth experience -- from saving and paying for healthcare to making informed choices about treatment alternatives -- is creating $40 billion in new revenue opportunities for financial services firms and healthcare companies over the next five years, according to Diamond Management & Technology Consultants, Inc. ."Consumers and employers can expect a lot of innovation from healthcare companies and financial services firms," predicted Aamer Baig, partner and co- lead of Diamond's Financial Services Practice. "Those innovations might include powerful tools for families to manage their retirement and healthcare finances, quickly confirming insurance coverage before making a doctor's appointment, collecting information about treatment alternatives specific to each consumer's situation, and then paying for service from a special account before leaving the clinic."
August 14, 2007 - PRNewswire, ChicagoConsumer-directed healthcare plans don't have a reputation for being particularly consumer-friendly. In fact, the demand from consumers and employers for a better health/wealth experience -- from saving and paying for healthcare to making informed choices about treatment alternatives -- is creating $40 billion in new revenue opportunities for financial services firms and healthcare companies over the next five years, according to Diamond Management & Technology Consultants, Inc. ."Consumers and employers can expect a lot of innovation from healthcare companies and financial services firms," predicted Aamer Baig, partner and co- lead of Diamond's Financial Services Practice. "Those innovations might include powerful tools for families to manage their retirement and healthcare finances, quickly confirming insurance coverage before making a doctor's appointment, collecting information about treatment alternatives specific to each consumer's situation, and then paying for service from a special account before leaving the clinic."
Monday, August 13, 2007
Health Savings Accounts: New Drug Store Online with More than 3,000 HSA Eligible Products!
Exante Financial Services First Partner to Launch Co-Branded HSA Store
August 13, 2007 - PRNewswiredrugstore.com, inc. a leading online provider of pharmacy, health, beauty and vision products today announced the availability of a first of its kind online store designed for Health Savings Account (HSA) holders. An estimated 4.5 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses. The new drugstore.com HSA Store located at http://www.drugstore.com/hsa identifies more than 3,000 HSA-eligible products, automatically tracks purchases, provides an HSA-only receipt and offers additional resources to help users of consumer- driven health plans record expenses for tax purposes..
August 13, 2007 - PRNewswiredrugstore.com, inc. a leading online provider of pharmacy, health, beauty and vision products today announced the availability of a first of its kind online store designed for Health Savings Account (HSA) holders. An estimated 4.5 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses. The new drugstore.com HSA Store located at http://www.drugstore.com/hsa identifies more than 3,000 HSA-eligible products, automatically tracks purchases, provides an HSA-only receipt and offers additional resources to help users of consumer- driven health plans record expenses for tax purposes..
Tuesday, August 07, 2007
Health Savings Accounts: Communication to Employees Critical to Success!
Communication, Information Tools Critical to Success of Consumer-Directed Health Plans, Watson Wyatt and RAND Corporation Study Finds
August 7, 2007 - Watson WyattMost employers that offer a consumer-directed health plan say communicating with workers about these plans is their greatest challenge. Additionally, most employers are not pleased with the availability of information on provider cost and quality, according to a new study conducted jointly by Watson Wyatt Worldwide, a leading global consulting firm, and the RAND Corporation, a non-profit research organization.Nearly all of the respondents - 90 percent - cited employee communication as their greatest challenge in introducing the consumer-directed health plan (CDHP) and during the plan's first year. Employers, on average, began communicating information about the new plan to workers four months prior to open enrollment. The study was based on 42 large employers that offer a CDHP to their workers.
August 7, 2007 - Watson WyattMost employers that offer a consumer-directed health plan say communicating with workers about these plans is their greatest challenge. Additionally, most employers are not pleased with the availability of information on provider cost and quality, according to a new study conducted jointly by Watson Wyatt Worldwide, a leading global consulting firm, and the RAND Corporation, a non-profit research organization.Nearly all of the respondents - 90 percent - cited employee communication as their greatest challenge in introducing the consumer-directed health plan (CDHP) and during the plan's first year. Employers, on average, began communicating information about the new plan to workers four months prior to open enrollment. The study was based on 42 large employers that offer a CDHP to their workers.
Monday, July 23, 2007
Harvard Program on Health Policy & Management
The letter below refers to a program sponsored by Harvard University. Doctor Nelman C. Low was one of many who attended this conference while I was a consultant for the medical industry. I invited many of the brightest doctors in American to attend on their own dime to be educated about the subjects and actions needed to keep medicine and health care working for them and for their patients.Date: October 18, 1993
Dear Mr. Malin
As a private practice Head & Neck Surgeon, I enjoyed attending the Harvard Program on Health Policy & Management. It was enlightening to review the problems that we have been dealing with in health care from a national viewpoint and from the perspective of health economists, ethicists and business management.
I was encouraged to interact with young enthusiastic physicians who felt that we still had a bright outlook in our profession, but somewhat discouraged by the realization that our profession is rapidly changing and that the business managers and the bean counters will ultimately control medicine if we as active practitioners of medicine do not actively participate in this process of change.
Sincerely,
Nelman C. Low, M.D., F.A.C.S.
This 13+ year old letter is still as poignant now as it was then. We consumers along with our doctors need to understand how to access the best health care services and still maintain control and , flexibility as well as all our options.
I have had some of the best doctors work on me when I needed help. I am glad I knew my options and was able to receive great health care.
Health Savings Accounts (HSA) and HSA-qualified plans make this possibility available to more Americans today than ever before.
I read 10-15 articles every day on this subject, but have noticed most just quote from the Treasury Department, IRS and government documents. Through my research of the past 3+ years on HSAs I have distilled the available aspects, benefits and tools for use by business owners, entrepreneurs, and consumers.
Take action today to educate yourself so you will know the options available to all.
Sunday, July 22, 2007
Health Savings Accounts: Maximize Your Money
Health Savings Accounts are quickly becoming Americas leading source of insurance for both individuals and families. Health Savings Accounts hold many benefits for its policyholders. By utilizing a Health Savings Account coupled with a High Deductible Insurance Plan you are able to lower your health insurance premiums, reduce your income tax, as well as build a medical retirement fund. Just to name a few benefits of this coupled insurance plan.
For the full article click below.
http://www.healthsavingsaccountsinc.com/articles/maximizeyourmoney.htm
For the full article click below.
http://www.healthsavingsaccountsinc.com/articles/maximizeyourmoney.htm
Thursday, July 19, 2007
Health Savings Account Guidelines Made Easy: E-book Success!
I was finally convinced to make available to the general public the manual I use to train, communicate, and answer question about the benefits of having a Health Savings Account.I am amazed how popular "Health Savings Account Guidelines Made Easy" e-book has become in these few short weeks.
Many thanks to everyone who use it to train their employees, salespeople, as well as a manual for your personal use.
I have so many compliments from HR managers, bankers, insurance companies, investment bankers, CPAs, entrepreneurs and individuals.
"You just make it easier to understand and implement." That is what I hear most.
Thanks for your appreciation.
P. S. I have added Glossary of Terms to the web site.
For your own e-book copy visit the web site below.
Tuesday, July 17, 2007
Health Savings Accounts: Article Resource
When learning, reviewing, looking, wondering and always wanting to know more about HSAs, I have another resource that you can refer to for articles pertaining to Health Savings Accounts.
Check it out at: Click on link below
http://www.besthealthsavingsaccountarticles.com/
Check it out at: Click on link below
http://www.besthealthsavingsaccountarticles.com/
Monday, July 16, 2007
Health Savings Accounts: Glossary of Terms
Health Savings Accounts (HSA) and HSA-qualified health plans have seemed to always have a language that needed to be explained, so I have made the glossary of terms most commonly used in the interactions, contracts, communications and guidelines available. I know this will give you a great resource to refer to to keep on top of the lingo...so to speak.Click on the below link and it will take you directly to the glossary page.
(If the clicking on the link below does not instantly open your browser and associated web site, then copy the below link in whole, and paste it into your browser and press enter on your keyboard.)
Wednesday, July 11, 2007
Breaking News!
By popular demand, I have officially released the published Health Savings Accounts Guidelines Made Easy in e-book PDF format for immediate download. www.healthsavingsaccountsinc.com
Thanks to the over 80,000 who link here to use our insight for information on HSAs.
Here is the PRWeb link for your review.
http://www.prweb.com/releases/2007/6/prweb531564.htm
Thanks to the over 80,000 who link here to use our insight for information on HSAs.
Here is the PRWeb link for your review.
http://www.prweb.com/releases/2007/6/prweb531564.htm
Saturday, July 07, 2007
Health Savings Accounts: Worth The Savings?
Health Savings Accounts have become very popular very fast. I have seen the increases every year since 2003 (The year HSAs were passed into law.)
FACT SHEET:
DRAMATIC GROWTH OF HEALTH SAVINGS ACCOUNTS (HSAS)
THEN (2004)…
• 438,000 -- Individuals were covered in November 2004 by HSA-type insurance plans -- according to the America Health Insurance Providers (AHIP).
• 113,000 (roughly 240,000 individuals) -- IRS data on individual tax returns reporting HSA deductions in tax year 20041.
NOW…
• 3.2 million -- Seven fold increase to individuals covered by HSA type insurance plans (November 2004 to December 2005) -- according to AHIP.
o 31% -- Previously uninsured individuals buying health insurance on their own.
o 33% -- Small businesses not previously offering coverage.
o Nearly 50% -- Age 40 or over.
• $1 billion -- Dollars invested in HSAs by Americans, according to data gathered by Inside Consumer-Directed Care (ICDC) newsletter Feb. 24 issue -- based on financial data provided by more than 60 financial firms including JPMorgan Chase, Wells Fargo and The Principal Financial Group.
• 42% -- Number of Individuals or families with incomes below $50,000 buying HSA type insurance on their own, according to "Health Savings Accounts: The First Six Months of 2005" report by eHealthInsurance.
THE FUTURE…
• 14 million by 2010 -- Treasury Department projection of HSA policies (covering 25 to 30 million people) -- based on current law.
• 21 million by 2010 -- Treasury Department HSA policies estimates rise by 50 percent (covering 40 to 45 million people) -- based on the President’s health care initiative.
1 Individual tax returns do not reflect employer financed HSA contributions.
The consumer interest keeps growing every year.
2006 to 2007
4.5 Million Americans are now covered by HSAs.
Another great article on how to use them.
http://www.healthsavingsaccountsinc.com/articles/howtouseyourhsa.htm
FACT SHEET:
DRAMATIC GROWTH OF HEALTH SAVINGS ACCOUNTS (HSAS)
THEN (2004)…
• 438,000 -- Individuals were covered in November 2004 by HSA-type insurance plans -- according to the America Health Insurance Providers (AHIP).
• 113,000 (roughly 240,000 individuals) -- IRS data on individual tax returns reporting HSA deductions in tax year 20041.
NOW…
• 3.2 million -- Seven fold increase to individuals covered by HSA type insurance plans (November 2004 to December 2005) -- according to AHIP.
o 31% -- Previously uninsured individuals buying health insurance on their own.
o 33% -- Small businesses not previously offering coverage.
o Nearly 50% -- Age 40 or over.
• $1 billion -- Dollars invested in HSAs by Americans, according to data gathered by Inside Consumer-Directed Care (ICDC) newsletter Feb. 24 issue -- based on financial data provided by more than 60 financial firms including JPMorgan Chase, Wells Fargo and The Principal Financial Group.
• 42% -- Number of Individuals or families with incomes below $50,000 buying HSA type insurance on their own, according to "Health Savings Accounts: The First Six Months of 2005" report by eHealthInsurance.
THE FUTURE…
• 14 million by 2010 -- Treasury Department projection of HSA policies (covering 25 to 30 million people) -- based on current law.
• 21 million by 2010 -- Treasury Department HSA policies estimates rise by 50 percent (covering 40 to 45 million people) -- based on the President’s health care initiative.
1 Individual tax returns do not reflect employer financed HSA contributions.
The consumer interest keeps growing every year.
2006 to 2007
4.5 Million Americans are now covered by HSAs.
Another great article on how to use them.
http://www.healthsavingsaccountsinc.com/articles/howtouseyourhsa.htm
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