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Health Savings Accounts Put You in Control of Your Healthcare










Fort Collins, CO (PRWEB) July 26, 2006

As Health Savings Accounts grow in popularity, there is growing fear among those who want to nationalize healthcare that they will not be able to put the cat back in the bag. There are already over 3 million HSA owners, and by 2010, the Treasury Department estimates as many as 45 million Americans will be covered by HSA plans. They will have billions of dollars invested to cover future medical expenses, and by then it will be politically impossible to take that benefit away.

With a high-deductible health insurance plan, money is invested tax-free into a Health Savings Account. There are different types of investments to choose from — anything from savings accounts or money market funds, to stocks, bonds, and mutual funds. Invested wisely, an account could accumulate over $ 500,000 by retirement. That money can be used to pay for healthcare, tax free. And best of all, it affords the freedom of choice when paying for healthcare.

If proponents of a single-payer system were to ever have their way, individuals would be at the mercy of a government bureaucrat when it comes to their healthcare. To see what this might look like, all one has to do is look at the state of health care in Canada, England, New Zealand, and the parts of Europe that have not yet abandoned single-payer systems.

Proponents of a single-payer system tend to point to Canada or England as countries that cover all their citizens with quality healthcare, while spending less money per person than the U.S. But if we look a little closer, we see that these publicly financed health insurance systems are breaking down, the quality is low, and the costs can be quite high. Here’s what Canadians have to deal with if they need medical care:


Long waits. Hundreds of Canadians go to Detroit and other U.S. cities every year for procedures like CAT scans, which they can obtain treatment in a matter of days. In Canada, the wait is typically six months. Currently 876,000 Canadians are on waiting lists for medical procedures.

Difficulty in getting life-enhancing procedures done. If a Canadian is having a heart attack, they will be treated right then. But if the surgery is considered “elective” (meaning that possible death is not eminent), the wait could be months or years. Average wait for cataract removal is 18 months. Average wait for a knee replacement is one year.

Increased risk of dying. The average Canadian waits eight weeks to see a specialist, and another nine weeks before getting treated. This is even the case with conditions that are likely to get much worse if there is any delay in treatment. For example, the median time for a mastectomy is 14 weeks, enough time for the cancer to spread to other parts of the body. In fact, 28% of those diagnosed with breast cancer in Canada die from it, while the mortality ratio in the U.S. is only 25%.

Things don’t look any better across the ocean. Each year the British National Health Service cancels 410,000 surgeries because of resource shortages. According to the London Sunday Times, there are currently over 1 million Brits awaiting elective surgery. Thomas Cook, a British travel agency, is even considering offering “sun-and-surgery” packaged trips to Indian hospitals for British citizens fed up with low standards and long waiting times for surgery.

The British and Canadian governments have the power to make healthcare “free”, but they are unable to control its costs. So the costs become longer (and potentially fatal) delays, and fewer innovations.

It’s not surprising what is happening. Universal health insurance systems always encourage over-consumption by patients, and such over-consumption always leads to financial crises. The result is inevitably broken promises about universal access and quality care. Because there are always limited resources, single-payer systems tend to overspend on primary care for the healthy, while denying more expensive specialist care to those with serious medical problems. This is because most people (voters) are healthy most of the time, and the sick and dieing are less likely to be able to organize into a political force.

What makes the United States such a great country is the “freedoms” we enjoy. Though our freedoms seem to be constantly under attack, there is still no nation in the world that has the freedom of the press, freedom of religion, freedom of association, or the free markets that we have in the United States. As anyone who understands even a smidgen of economics knows, free markets encourage competition and innovation, which lead to lower prices and better quality.

Though the U.S. system of health care can not really be considered a “free-market”, it is certainly much more free than any single payer system. Some of the benefits we see as a result of our current healthcare system include:

U.S. medicine produces the best outcomes for virtually every patient, from premature babies to elderly cancer patients.

American companies are the chief source worldwide of new treatments and procedures which each year are used to save millions of lives.

U.S. medical training and research facilities are the best in the world.

Though Canadians might have to wait a year or two for hip replacement surgery, they can get the same operation done on their dog in less than a week. This is because veterinarians are competing for that business, finding innovative ways to deliver service more quickly and less expensively. Another example is laser eye surgery, a procedure that is rarely covered by insurance, so laser eye surgeons must compete on the basis of cost and quality. While costs for most medical procedures have been going up every year, the cost for this procedure has dropped by 80% over the past decade.

Unfortunately, U.S. healthcare policies still tend to limit competition, restrict consumer’s freedom to choose, and discourage consumers from shopping for value. Thus, there are too few choices and there has been little attention paid to price and quality of service. The answer is clearly not more government intervention, but instead letting competition and the power of the marketplace drive down prices and increase quality and access to care.

Health Savings Accounts are the Solution

There is increasing recognition that third-party health insurance payers are actually a major cause of escalating medical costs and the decline in the quality of service. The increasing adoption of HSA plans has already begun to cause greater transparency and competition in the medical marketplace. There are now physicians available by phone, medical kiosks setting up in malls, doctors that accept only cash (and charge significantly less), and others competing directly for the consumer’s healthcare dollar.

Don’t be fooled by the politicians who advocate a single-payer system, claiming their only concern is the uninsured. If a single body (such as a government bureaucracy) controls healthcare, they control one seventh of the national economy. And everywhere in the world that central control of the economy has been tried, it has been a colossal failure.

As public policy reforms centered on individual choice continue to gain wider footholds, the result will be greater prosperity, greater choice, and a better value for all. The culture of dependence and entitlement will begin to fade, as millions of individuals demand further policy reforms that will reinstate the values of freedom and personal responsibility that helped establish this great nation.

As more consumers turn to health savings accounts, the market will respond. Innovative providers will begin to compete more on price and quality of service, and those that provide the best value will get wealthy doing so. And all consumers will benefit.

By Wiley Long – President, HSA for America (http://www.health–savings–accounts.com). HSA for America makes it easy for people to learn about and set up health savings accounts that best meet their needs at the lowest premiums available. “The Complete Consumer’s Guide to HSAs” report is also available to download.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Tax-free IRA Rollover Increases Demand for Health Savings Accounts (HSAs)











Fort Collins, CO (PRWEB) December 17, 2007

Last year’s “Tax Relief and Health Care Act of 2006″ had several provisions that have made it easier to open and fund a Health Savings Account (HSA), including the option of a one-time tax-free rollover from an IRA into the HSA. This change has contributed to the end-of-the-year surge of HSA applications according to leading health insurance broker HSA for America.

“We’re getting a tremendous number of inquiries from people who want to know how they can fund their account with money from their IRA,” said HSA for America President Wiley Long. “HSA-qualified health insurance plans have high deductibles of $ 1,100 or more. By doing a tax-free rollover from their IRA, individuals can immediately fund their account so that the deductible can be covered 100%. That basically removes the risk of going with a high-deductible plan.”

Health Savings Accounts are special tax-favored savings accounts that anyone with a qualified high-deductible health insurance plan can open and fund. Any money put in the account is tax deductible, and can be used tax-free to pay for future medical expenses. If the money is not withdrawn, it continues to grow tax-deferred like an IRA. HSAs first became available in January 2004, and today nearly eight million people are covered by an HSA-qualified health insurance plan.

“HSA plans have much lower premiums than traditional co-pay plans, but they do have a higher deductible. Medical expenses that someone incurs before they meet their deductible can be paid for from the HSA, but if they’ve just opened their HSA they may not have had enough time to accumulate much money in it. The tax-free IRA rollover solves that problem,” said Long.

Both IRAs and HSAs are special tax-favored accounts that can be funded with tax-free money, and that grow tax-deferred. But HSAs have an additional tax advantage over IRAs: if the money is withdrawn to pay for qualified medical expenses, taxes never need to be paid on those funds. This makes HSAs a much preferred way to save for future medical expenses, according to Long.

“According to Fidelity Investments, the average couple retiring in 2007 will need over $ 200,000 to cover medical expenses, not even counting dental, over-the-counter medications, or long-term care. And that amount is going up every year. Those who have an HSA could have thousands of additional dollars available to them to cover these expenses in their retirement years.”

To help people who are buying their own health insurance understand these changes, HSA for America is hosting weekly HSA teleseminars throughout the rest of 2006. “If someone can get their coverage in place before December 31, they can lock in 2007 rates for the next 6 – 24 months, and they can get a tax deduction for contributions made before April 15th.”

The teleseminar is offered to registered participants at no charge. For more information on the teleseminar and how to sign up, please visit our Health Savings Account Teleseminar page.

About HSA for America

HSA for America is the nation’s leading independent health insurance firm specializing in individual and family coverage that works with a Health Savings Account. Through our comprehensive website ( http://www.Health–Savings–Accounts.com ) we offer complete information on Health Savings Accounts and qualifying health insurance plans. We offer instant quotes, online health insurance applications, and access to several banks that can act as an HSA administrator for your account.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Tax-free IRA Rollover Increases Demand for Health Savings Accounts











Fort Collins, CO (PRWEB) December 19, 2006

The recently passed “Tax Relief and Health Care Act of 2006″ has several provisions that make it easier to open and fund an HSA, including the option of a one-time tax-free rollover from an IRA into the HSA. This change has already caused a great increase in interest among the self-employed and other individuals who purchase their own health insurance, according to leading health insurance broker HSA for America.

“We’re getting a tremendous number of inquiries from people who want to know how they can fund their account with money from their IRA,” said HSA for America President Wiley Long. “HSA-qualified health insurance plans have high deductibles of $ 1,100 or more. By doing a tax-free rollover from their IRA, individuals can immediately fund their account so that the deductible can be covered 100%. That basically removes the risk of going with a high-deductible plan.”

Health savings accounts are special tax-favored savings accounts that anyone with a qualified high-deductible health insurance plan can open and fund. Any money put in the account is tax deductible, and can be used tax-free to pay for future medical expenses. If the money is not withdrawn, it continues to grow tax-deferred like an IRA. HSAs first became available in January 2004, and today nearly five million people are covered by an HSA-qualified health insurance plan.

“HSA plans have much lower premiums than traditional co-pay plans, but they do have a higher deductible. Medical expenses that someone incurs before they meet their deductible can be paid for from the HSA, but if they’ve just opened their HSA they may not have had enough time to accumulate much money in it. The tax-free IRA rollover solves that problem,” said Long. “I expect that by sometime in 2007 sales of HSA plans will eclipse co-pay plans as the preferred type of health insurance among individuals purchasing their own plans.”

Both IRAs and HSAs are special tax-favored accounts that can be funded with tax-free money, and that grow tax-deferred. But HSAs have an additional tax advantage over IRAs: if the money is withdrawn to pay for qualified medical expenses, taxes never need to be paid on those funds. This makes HSAs a much preferred way to save for future medical expenses, according to Long.

“According to Fidelity Investments, the average couple retiring in 2006 will need $ 200,000 to cover medical expenses, not even counting dental, over-the-counter medications, or long-term care. And that amount is going up every year. Those who have an HSA could have thousands of additional dollars available to them to cover these expenses in their retirement years.”

To help people who are buying their own health insurance understand these changes, HSA for America is hosting weekly teleseminars throughout the rest of 2006. “If someone can get their coverage in place before December 31, they can lock in 2006 rates for the next 6 – 24 months.”

The teleseminar is offered to registered participants at no charge. For more information on the teleseminar and how to sign up, please visit our Health Savings Account Teleseminar page.

About HSA for America

HSA for America is the nation’s leading independent health insurance firm specializing in individual and family coverage that works with a Health Savings Account. Through our comprehensive website we offer complete information on HSAs and qualifying health insurance plans. We offer instant quotes, online health insurance applications, and access to several banks that can act as an HSA administrator for your account.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Health Savings Accounts Even More Attractive Thanks to Congress










Fort Collins, CO (PRWEB) December 13, 2006

Health Savings Accounts (HSAs) received a boost this weekend when the U.S. Congress gave final approval to H.R. 6111, the “Tax Relief and Health Care Act of 2006″. The additional incentives should greatly improve the popularity of HSAs, particularly among individuals and families purchasing their own health insurance, according to leading health insurance broker HSA for America.

“HSA plans are already the best health insurance value for just about anyone who is paying for his or her own health insurance,” said HSA for America President Wiley Long. “They lower premiums, provide immediate tax reductions, and make it easier to save for medical expenses during retirement. These changes will result in HSA plans eclipsing co-pay plans as the primary choice among small business owners, independent contractors, and anyone who’s self-employed or does not have employer-provided coverage.”

Health savings accounts are special tax-favored savings accounts that anyone with a qualified high-deductible health insurance plan can open and fund. Any money put in the account is tax deductible, and can be used tax-free to pay for future medical expenses. If the money is not withdrawn, it continues to grow tax-deferred like an IRA. HSAs first became available in January 2004, and today nearly five million people are covered by an HSA-qualified health insurance plan.

Long said the legislation contains several improvements to the already popular HSA program that will make HSA plans the most popular type of coverage in the near future.


It allows people to fund their HSAs with a one-time transfers from their Individual Retirement Accounts (IRAs). Because funds withdrawn from an HSA to pay medical expenses are never taxed, an HSA is a much more tax-advantaged investment than an IRA. This provision will enable someone to quickly maximize their contribution, so that they can fully cover the deductible on their high-deductible health insurance plan.

The bill allows individuals with HSA-qualified policies to contribute up to the annual contribution limit ($ 2,850 for individual coverage and $ 5,650 for family coverage in 2007), even if their deductible is less than this amount. Until now, policyholders with smaller deductibles were penalized because they were not allowed the same tax benefits as those with larger deductibles.

Allows individuals to make the maximum contribution to the HSA, regardless of when the HSA plan began. Taxpayers who purchase an HSA plan later in the year will still be allowed to make the full HSA contribution, instead of a pro-rated portion as is currently the case. This will enable them to completely cover their deductible with funds from the HSA if they have some large medical bills, and also gives them the same tax benefits as someone who purchased the plan earlier in the year.

“I expect very few people will continue to purchase health insurance plans with co-pays once they understand how easy and inexpensive these plans now are”, said Long. “HSA plans can already reduce a family’s annual expenses by several thousand dollars.

Long says HSA for America, which markets HSA-qualified plans to individuals and families, is currently expanding in anticipation of a growing surge of interest in health savings accounts in 2007. “We’ve already had a lot of people calling us about these changes, and have started hosting weekly teleseminars to share this information and answer questions from curious consumers.”

The HSA for America teleseminar is offered to registered participants at no charge. For more information about the Health Savings Account Teleseminar and how to sign up, visit: http://www.health–savings–accounts.com/teleseminar.htm

About HSA for America

HSA for America is the nation’s leading independent health insurance firm specializing in individual and family coverage that works with a Health Savings Account. Through our comprehensive website we offer complete information on HSAs and qualifying health insurance plans. We offer instant quotes, online health insurance applications, and access to several banks that can act as an HSA administrator for your account. Visit http://www.health–savings–accounts.com for complete information.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Find More Insurance Fort Collins Press Releases

New Teleseminar From HSA for America Helps Consumers Understand Health Savings Accounts










Fort Collins, CO (PRWEB) November 9, 2006

Over 3 million people are now covered by health insurance plans that work with Health Savings Accounts (HSAs), and many more are rushing to sign up for one before January 1 in order to lock in their tax savings for 2007. Because these plans are still relatively new, there is still some confusion about how they work. So HSA for America is putting on a teleseminar titled, “Is an HSA Right For You?”. The teleseminar is scheduled for Friday, November 10 from 3:00 p.m. to 4:00 p.m. EST.

“This teleseminar is designed to help the person who is purchasing their own individual or family health insurance plan make an informed decision” said Wiley Long, President of HSA for America. “Because of the lower premiums, the tax savings, and the potential to save for future medical expenses, HSA plans have become extremely popular among people who are buying their own individual plans. Callers will learn how HSA plans work, how to calculate their premiums, and how to calculate their income tax savings.”

Health Savings Accounts are special tax-favored accounts where anyone with a qualifying high deductible health insurance plan can put aside tax-free money to pay for future medical expenses. The money can be used for virtually any type of medical expense, and money left in the account rolls over and grows tax deferred like an IRA. The teleseminar will cover:

– How HSA plans compare to conventional co-pay health insurance

– How to use your HSA to build a Medical Retirement Account

– How an HSA can make all medical expenses tax-deductible

– When an HSA can be used to pay for alternative care like acupuncture or homeopathy

– The types of HSA-qualified health insurance plans available

– How to choose a plan and apply for coverage

– How to establish a health savings account

The HSA for America teleseminar is offered to registered participants at no charge. For more information about the Health Savings Account Teleseminar and how to sign up, visit: http://www.HSAforAmerica.com/teleseminar.htm

HSA for America is the nation’s leading independent health insurance firm specializing in individual and family coverage that works with a Health Savings Account. Through our comprehensive website we offer complete information on HSAs and qualifying health insurance plans. We offer instant quotes, online health insurance applications, and access to several banks that can act as an HSA administrator for your account. Visit http://www.HSAforAmerica.com for complete information.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Find More Insurance Fort Collins Press Releases

Tax Benefits of Health Savings Accounts Lure Consumers, Businesses










Fort Collins, CO (PRWEB) December 10, 2007

Many people are rushing to get a Health Savings Account in place before the end of the year in order to lower their 2007 taxes. These tax-favored accounts, which have only been available since January of 2004, can be opened by anyone with a qualifying high-deductible health insurance plan. Once you open an account, you can place tax-deductible contributions into it, which can then be used later to pay medical expenses. Any money not used grows tax-deferred, like an IRA.

Health Savings Accounts offer many tax advantages over traditional health insurance arrangements. Here are 10 ways Health Savings Accounts offer tax savings:

1) Reduce your federal income taxes. Regardless of your income level or how your income was earned, any money you deposit into your Health Savings Account is considered an “above-the-line” deduction, giving you a 100 percent write-off against adjusted gross income.

2) Reduce your adjusted gross income, helping you to qualify for other lucrative tax breaks tied to overall income.

3) Reduce your state income taxes. All states except four (AL, CA, NJ, and WI) offer a tax deduction for Health Savings Accounts.

4) Tax-deferred growth. Like funds in an IRA, the money in your account grows free from federal taxes.

5) Pay for dental expenses with pre-tax dollars.

6) Pay for vision care with pre-tax dollars.

7) Pay for alternative care with pre-tax dollars, including chiropractic, acupuncture, homeopathy, ayurvedic medicine, herbal medicine, or any number of other so-called alternative treatments.

8) Pay for aspirin, bandages, cold medicine, and other household medical expenses with pre-tax dollars. A list of HSA qualified expenses is available from HSA for America at: http://www.health–savings–accounts.com/qualified-expenses.htm

9) Pay Medicare expenses with pre-tax dollars, including Medicare premiums, deductibles, copays and coinsurance.

10) Pay for long-term care insurance with pre-tax dollars.

A Health Savings Account (HSA) enables anyone with a qualifying high-deductible health insurance plan to shelter up to $ 5,650 from federal income taxes. HSA-qualified health insurance must be in place by December 31, 2007, in order to benefit your 2007 tax return. By reducing your adjustable gross income, enabling you to pay for medical expenses with pre-tax income, and through tax-deferred growth, HSAs can reduce your income taxes in at least 10 ways.

About HSA for America:

HSA for America is a nationwide brokerage firm specializing in individual and family health insurance plans that are qualified to work with Health Savings Accounts. HSA for America represents many different insurance companies, offers instant quotes, online applications and comparisons of independent HSA administrators. Visit us online at: http://www.health–savings–accounts.com

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Find More Insurance Fort Collins Press Releases

HSA for America Releases 2008 Edition of ‘The Complete Consumer’s Guide to Health Savings Accounts’










Fort Collin, CO (PRWEB) February 21, 2008

HSA for America, the nation’s number one source for individual and family HSA-qualified health insurance plans, announced today the release of their 2008 edition of “The Complete Consumer’s Guide to HSAs.” The vast distribution of past editions of this guide has proven to be an asset to those seeking to be fully informed about Health Savings Accounts. This report is available free of charge to anyone interested in learning more about Health Savings Accounts at: http://www.Health–Savings–Accounts.com/free-guide.htm

“As people look for ways to lower their health insurance premiums and reduce their taxes, the interest in HSAs has continued to soar,” says Wiley Long, President of HSA for America. “With all the confusion that exists for consumers attempting to make the best health insurance decisions for themselves and their families, it is more important than ever to provide a resource with complete and accurate information to dispel the confusion. There seems to be a lack of understanding about how HSAs work, even among bankers, insurance agents, CPAs and other financial advisors. This guide will help people understand how they can use an HSA to lower both their taxes and their health insurance premiums, and at the same time build a second retirement.”

“Because an HSA is the only investment tool that gives a tax-deduction now, along with tax-free withdrawals later, it is actually the first retirement vehicle that should be funded,” Long added. “Medical bills will be a large expense to the typical retiree. By establishing a fund now that can be used to pay for future medical expenses, one can make their retirement dollars go much farther.”

“The Complete Consumer’s Guide to HSAs” offers a thorough explanation of the many benefits that come with an HSA plan. This guide provides step-by-step instructions on how to choose the best HSA-qualified health insurance plan, how to enroll, and how to establish a Health Savings Account. There are also strategies to maximize the potential tax benefits and future savings. The guide also includes information about all the little-known expenses that can be paid by an HSA, including alternative medical care, over-the-counter medication, and maternity expenses.

About HSA for America:

HSA for America is an online health insurance broker specializing in Health Savings Accounts. Our Mission is to find individuals and families the best coverage available to meet their needs at the lowest price the market offers, while at the same time making the process easy. You can visit us online at http://www.Health–Savings–Accounts.com/

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Related Insurance Fort Collins Press Releases

Consumers Turn to Low Cost Health Savings Accounts to Save Money











Fort Collins, CO (PRWEB) February 23, 2009

As the economy becomes increasingly unstable, consumers are looking for ways to save money wherever possible – especially on the high cost of health care and health insurance plans. According to HSA for America – a leading U.S. health insurance provider, a large number of consumers are switching to high-deductible Health Savings Account (HSA) plans from low-deductible, higher rate health insurance plans.

When individuals and families enroll in high-deductible HSA-qualified plans, their health insurance premiums can be reduced by as much as 40 percent off of the cost of conventional co-pay health insurance plans. The switch to an HSA plan may save members thousands of dollars each year off of their healthcare costs. Plus, HSA plans also help to reduce the amount of taxes people have to pay each year.

“We’re finding that has been is a huge surge over the past three to four months in the amount of inquiries and enrollees into our HSA programs,” said Wiley Long, President of HSA for America. “Our clients are looking for ways to continue to receive high quality healthcare while also saving as much of their money as possible. The HSA option is viable for just about every one of our clients and can help to ensure that they are able to save money and still get a high level of health care.”

Also according to Wiley, when people enroll in an HSA plan, they can roll their premium savings into tax-deferred investments that work similarly to IRAs. “HSA plan members can set aside money in small increments that can be used for current or future healthcare costs,” said Wiley. “Just like any investment, they can continue to contribute to their HSAs for life so that they will have available funds when they need them, even if they don’t need them now.” Contributions to the HSA are tax-deductible, and the money growth is never taxed if it is used for a medical-related expense.

HSA for America offers a variety of HSA plans for individuals, families, and small businesses. For more information about plans from HSA for America, visit http://www.HSAforAmerica.com.

More About HSA for America

HSA for America offers a wide variety of tax-deductible HSA plans for individuals, families, and businesses that help members save up to 50 percent off of the cost of their medical expenses. These HSA programs are designed to help members save money while also growing their savings accounts through wise investments. HSA for America HSA plans allow members to save money by using pretax dollars for qualifying medical expenses, including dental expenses, mental therapy, physical therapy, alternative treatments (such as acupuncture), transportation and lodging related to medical expenses, non-prescription medications, and more.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Teleseminar Grants All Access Pass to the World of Health Savings Accounts











Fort Collins, CO (PRWEB) May 12, 2008

HSA for America, one of the leading providers of health savings accounts for American small business owners and employees has announced that they will be holding a web based question and answer session on the ins and outs of the health savings account as a form of medical coverage.

The use of health savings accounts has accounted for up to $ 1, 850 in tax deductions and savings of as much as 40 to 50 percent off of the estimated cost of health care for small businesses and their employees. In a world of increasing health care costs and somewhat stagnant wages, the use of health savings accounts is a welcome method of saving much needed money on healthcare.

“There seems to be a lack of understanding as to how health savings accounts work,” says Wiley Long, HSA for America President. “[This Seminar] will help people understand how they can use an HAS to lower both their taxes and their health insurance premiums, and at the same time build a second retirement.”

Long also says that it is now more important than ever before to make sure that consumers are equipped with all of the knowledge needed to be able to make a smart decision and understand how an HSA can benefit their lives.

The teleseminar will be held every Thursday at 2 p.m. Eastern Time, and is free of charge to those who are interested. In addition to teleseminar access information, interested parties will also receive a “6 Smart Strategies to Keep Your Health Insurance Premiums Low” bonus report as well, revealing effective ways at lowering your long term health care costs.

This session is projected to last about 25 minutes, at which point the line will be open to answer any questions. You can sign up for the next session at: http://www.health–savings–accounts.com/teleseminar.htm

HSA for America is one of the leading providers of health savings accounts and related information for employees and small business owners across America. HSA accounts are an effective way of saving money on healthcare costs and taxes and have an investment module at the very same time.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Find More Insurance Fort Collins Press Releases

Laid-Off Workers Turning to Tax-Deductible Health Savings Accounts











Fort Collins, CO (PRWEB) March 25, 2009

Fort Collins, Colorado — An estimated 2.6 million Americans lost their jobs in 2008 and thousands more are expected to lose their jobs in 2009. With many Americans accustomed getting their healthcare coverage through their jobs, millions now turn to alternative coverage options so they can continue to have affordable healthcare. One of the most affordable and practical health care coverage options is a Health Savings Account (HSA), according to HSA for America.

An HSA is a tax-deductible savings account that lets individuals set aside money to cover the cost of their healthcare. Like with an IRA, individuals can invest the funds from their HSAs into high interest rate mutual funds, stocks, money markets, and more. The growth on those investments is tax-free and the money can be used to pay for qualifying medical expenses, including dental expenses, mental therapy, physical therapy, alternative treatments (such as acupuncture), transportation and lodging related to medical expenses, and even non-prescription medications.

“We’re finding an increase in interest for our HSA plans,” said Wiley Long, President of HSA for America. “As Americans are losing their jobs, they are recognizing that they still need to find a way to afford healthcare for themselves and their families. An HSA is a great addition to a high-deductible insurance plan, like a COBRA plan, because it gives individuals a tax deduction when they set aside money for their healthcare. The money grows tax-free in the savings account. Then, if they need the money for something else down the road that is not related to their healthcare, they can still have access to that money.”

Moreover, according to a recent survey by Information Strategies, Inc., 50% of individuals on COBRA that also have an HSA policy are using their HSA funds to pay for their high COBRA premiums each month. Only 51 percent of survey respondents said they have actively investigated HSAs as an alternative healthcare benefit. “We are hoping that more laid-off workers take a look at HSA plans as a way to cut their health insurance costs,” said Long. “HSAs not only benefit individuals, but they can also be used to cover healthcare costs for an entire family.”

More About HSA for America

HSA for America offers a wide spectrum of Health Savings Account programs for individuals, families, and businesses that help members save up to 50 percent off of the cost of their health insurance. HSA for America’s HSA plans reduce insurance premiums, and allow members to save money on qualifying medical expenses, including dental expenses, mental therapy, physical therapy, alternative treatments, transportation and lodging related to medical expenses, and non-prescription medications.

For more information about HSA for America programs, visit http://www.health–savings–accounts.com.

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