Health Care costs is not a National problem… …It’s your problem, and you may have too much insurance coverage. Instead, Think about Health Savings Accounts… Accounts …to reduce your costs, and limit your maximum expenses. Prepared for:Everyone INSURANCE: “risk” to cover High Medical Expenses Responsibility by Individual Plans Company Plans You or company Don’t need insurance, you are Company Self Insures Rich Insurance Premiums will be high Group premiums are high Some risk - You Premiums are Lower Group Premiums are Lower • Focus on plan benefits to cover highare Lowest Some risk - HSA Premiums are Lowest Premiums risks… You make monthly HSA deposits Company contributes to • Get a high deductible HSA qualified plan HSA • Open an HSA for tax free savings • Pay your own preventive care costs with Tax Free money. 2 The HSA is a U.S. Treasury approved Defined Contribution concept for… …You to Insure for the major medical costs… …and Self-Insure for the smaller stuff. • You cannot lose your access to Health Care. • You and your Doctors decide the costs. • You also decide how to pay for it! • It’s your money, an HSA does not require an insurance decision by a gatekeeper. • As a “consumer” you will become prudent because it’s your own money. 3 Health Savings Deposits • Are Tax-Free with triple tax savings, and • Interest is Tax-Deferred. • Deposits can be transferred from an IRA, • Qualified for investments, and • At age 65…it becomes an IRA… …a retirement plan. The extra money you’re currently giving to an Insurance Company might become... …money for your own personal investments. 4 These are the Most Affordable Health Insurance plans anywhere For Groups, Families, and Individuals You Benefit with: • Higher Take Home Pay.Pay • Lower Premiums – Average about 45% less • Medically Necessary costs are “capped.” • Low Cost Copay for an Annual Physical. 5 And if that’s not incentive enough… Your Savings will also pay for… for • Doctors and Dentists • Hospitals • Chiropractic • 90 Alternates that insurance won’t cover • Vision Care • some over-the-counter medicines • Prescriptions medications …all with Tax Free money. money 6 Plus other great incentives... But if you lost your job (your income), • A COBRA premium may cost you $750/mo = $9000/yr • an HSA plan premium may be about $400/mo = $4800/yr • Your premium savings = $350/mo = $4200/yr • Tax savings with an HSA (10% X $400) $ 40/mo = $ 480/yr • Total savings = $ 390/mo = $4680/yr …here you save of 53% of COBRA premiums And, If out of work, pay less premiums from your HSA Is it wrong to save $4680 per year? 7 The HSA is “acts” like a 401(k) • 401(k) plans may be taxed under the new D.C. administration • Used for medical benefits, HSA funds are never taxed, and • Tax savings (10% Minimum) for HSA deposits is better than any investment plan known today. • The HSA is your money. You don’t pay 1.5% for a 401k administrator. 8 You can use your TAX FREE HSA funds to buy… • Annuities • Certificates of Deposit • Stocks • Bonds • Mutual Funds • Bullion or Coins • Other insurances, e.g., LTC, COBRA 9 Defined Contribution plans are incentive plans that • Answer your healthcare needs at lower costs, and • Protect your finances against major costs. You get... • A Lifetime of Reduced Medical Expenses. • Retirement Savings, and • A Medical plan that delivers exactly what is promised. You’ll know right where you stand with your HSA, and what you don’t spend is your retirement plan. 10 A Qualified HSA Consultant. Traditional insurance does not pay for preventive care. Pay this cost from your HSA with tax reduced savings. Become surprised! JAICO Marketing Associates John T. Cothern, License: CA OD84429, AZ 882076 Off: 714-962-1789, Cell: 714-420-2311, Fax: 714-963-9293 Email: firstname.lastname@example.org Remember, the HSA is for YOU! Become a CONSUMER of Health Care, And stop being a USER of Health Insurance. 11
"Health Savings Accounts"