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Does your current
health plan include Doctor office visit co-payment?
If you're not visiting your doctor more than twice a
year, start saving "cash" right now by dropping office visits
from your plan.... as long as your doctor is "in-network" you
will be billed the in-network discounted rate.
For example:
|
Coverage with Dr
visits = $1070 monthly premium |
|
Coverage without Dr
visits = $820 monthly premium |
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Savings difference = $250 X 12 months = $3000 |
This is what the
insurance companies don't want you to know for
obvious reasons. With your new plan, doctor visits
will be billed an "in-network" discounted charge of
between
$75 and $125, depending on what actually
is billed.
Click here and find out what your monthly
premium should be.
While saving premium is a
priority, why not take it to next level with a
Health Savings Account.
People who have Health Savings
Accounts will often use preventative health care and
use generic prescriptions. They become better
health care consumers, by getting information on the
price and quality of health care before they
purchase it.
Why is the HSA the fastest growing health plan in
America?
Savings......Savings......Savings!
Premium
Savings......, Tax Deduction Savings...... and Tax
Deferred Savings!
Treasury Releases 2010 HSA,
HDHP Amounts
The
Treasury Department and IRS recently issued new guidance
on the catch-up contribution levels for
HSAs, and the maximum
out-of-pocket amounts for high-deductible health plans (HDHPs).
|
Guidelines |
2009 |
2010 |
|
Individual minimum deductible |
$ |
1,150 |
$ |
1,200 |
|
Individual maximum out of pocket |
$ |
5,800 |
$ |
5,950 |
|
Individual maximum contribution |
$ |
3,000 |
$ |
3,050 |
|
Family minimum deductible |
$ |
2,300 |
$ |
2,400 |
|
Family maximum out of pocket |
$ |
11,600 |
$ |
11,900 |
|
Family maximum contribution |
$ |
5,950 |
$ |
6,150 |
|
Catch-up contribution |
$ |
1000 |
$ |
1000 |
Could timing be any better to position yourself in an
HSA?
See for
yourself why so many are excited about Health
Savings Accounts (HSAs)! Below is an example
(family of four) comparing a popular major medical
plan and the HSA. Premium savings aside, assume $600
was spent on medical expenses and $500 was incurred in
expenses for dental care, vision and chiropractic. The
tax savings is based on a tax rate of 28% and maximum
annual contribution.
|
|
Non - HSA |
HSA |
|
Plan Specifications: |
Per Member Deductible:
3
Max $2500
Coinsurance: 100% |
Per Member Deductible:
2
Max $2600
Coinsurance: 100% |
|
Annual Premium: |
$4500 |
$4252 |
|
Estimated Annual Covered Medical Expenses: |
$600 |
$600 |
|
Out of pocket to cover deductible: |
$600 |
$432 |
|
Non-Covered Medical Expenses: |
$500 |
$360 |
|
Expenses Subtotal: |
$5600 |
$5044 |
|
Tax savings for
premium paid - (Self employed) |
$1260 |
$1190 |
|
Additional Tax Savings – (Difference of maximum
allowable HSA contribution and medical expense tax
savings taken): |
N/A |
$1414 |
|
Net Expenses (Max out-of-pocket):
|
$4340 |
$2440 |
|
Net Savings with HSA Plan: |
|
$1900 |
Can you imagine what happens with a higher tax rate?
That's right, after calculating the tax savings,
your actual monthly premium could be ZERO. The
HSA is the only investment that provides a permanent
rather than temporary escape from income taxation.
- Save Premium
-
Reduce Taxes
Pay for Dr. office
visits when needed with tax free dollars.
Build Tax-Favored
Savings
Deduct expenses
for Eyewear, Dental & OTC meds & supplies.
Pay for LTC premiums and Medicare Deductibles later.
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