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New Study: Estimated $ 240,000 in Health Care Costs for Retirement – HSA for America Discusses Options to Preparing for Health Care Cost in Retirement











Fort Collins, CO (PRWEB) May 15, 2009

As the cost of health care rises across the country, many individuals are wondering just how their anticipated health care expenses will impact their ability to retire. According to a recent study, individuals retiring at the age of 65 will need to have at least $ 240,000 saved in order to pay for their health care expenses during retirement alone, leaving many individuals to wonder whether or not retirement is truly an option. “Health savings accounts are become a necessity for retirement,’ said WIley Long, President of HSA for America.

“The results of these recent studies indicate that individuals will need to make some real choices about their retirement and spending,” said Wiley Long, President of HSA for America. “Currently, the typical retirement age is 65 years old. However, if an individual can’t afford to pay for health care, then the individual may have to either put off retirement or be unable to pay for their health care. Either way, we’re finding that our customers are growing increasingly concerned about their ability to obtain and pay for health care expenses, especially as they approach retirement.”

To save for these inevitable expenses during retirement, many people are setting up Health Savings Accounts. “An HSA allows you to put aside pre-tax dollars to cover future medical expenses,” explained Long. “The money grows tax-deferred like an IRA, but is never taxed if used to pay medical bills.”

Health savings accounts, or HSAs, can be established by anyone who has a qualifying high-deductible health plan. These plans are designed to help make healthcare affordable through a combination of the low premiums that come with a high-deductible health insurance plan, and the tax savings from putting money aside in the HSA. That money can then be used to pay future medical expenses, tax-free.

“We specialize in helping our clients find the perfect long-term arrangement for their health care needs,” said Long. “HSA plans are often the most affordable and effective health care plan solutions for many of our customers, but a full needs analysis of each individual’s situation is always necessary to ensure that our customers get the best possible plan.”

Many people are funding their HSAs with the hope that they will stay healthy, and not need to withdraw the money. “Because the money grows tax-deferred, you can think of it as an additional retirement account”, said Long. If money is later needed to pay a medical expense during retirement, that money can be withdrawn from the HSA tax-free.

More About HSA for America

HSA for America offers a wide spectrum of health insurance and Health Savings Account (HSA) programs for individuals, families, and businesses. Their online quoting platform lets website visitors compare rates on numerous plans, and apply for coverage right online.

For more information about HSA for America programs, visit 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.







HSA for America Wins National First Place Award for Number of Medical Policies Sold











Fort Collins, CO (PRWEB) July 14, 2009

HSA for America is pleased to announce that they have been awarded First Place for Most Medical Policies sold by a Producing Agency amongst all healthcare coverage agencies across the United States. The award, which was given by HumanaOne, recognizes HSA for America’s commitment to providing outstanding and affordable healthcare coverage opportunities for all Americans.

In order to receive this First Place recognition, HSA for America ranked higher than all other health care coverage agencies in the U.S., including agencies that specialize in providing health care overage plans for individuals and businesses.

“We are very proud of this honor,” said Wiley Long, President of HSA for America. “We owe much of our success to the enthusiasm of our customers for our products and services. We certainly could not have become the number one producer in the country for medical policy sales if it were not for the huge number of referrals we get each month from our customers.”

According to Long, HSA for America has achieved its high level of success by staying committed to exceptional customer service and education. “Each of our insurance agents has in depth knowledge of all aspects of the healthcare coverage industry,” said Long. “This knowledge makes it possible for us to match specifically health care coverage plans with our clients’ unique situations and needs.”

Customers not only get attentive personal service when they work with HSA for America, but they also get health care policies that are specifically suited for their unique needs. After all, the available healthcare coverage options are so extensive and, sometimes difficult to understand entirely. “By working with our advisors, our clients can feel confident that the policies they buy are the best for their needs,” said Long.

More About HSA for America

HSA for America offers affordable HRA programs for employers and their employees, helping both employers and employees save money while receiving tax incentives for their healthcare reimbursements. In addition to a comprehensive offering of HRA programs, HSA for America also offers a wide spectrum of Health Savings Account programs that help businesses and families save money on their medical expenses and income taxes.

For more information about HSA for America programs, visit 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.







HSA for America Publishes Issue 6 of Maximize Your HSA











Fort Collins, CO (PRWEB) October 31, 2005

HSA for America has published Issue 6 of Maximize Your HSA.

“We feel it is important to help our clients get the maximum value from their health savings account,” says Wiley Long, President of HSA for America. “Because HSA-qualified health insurance plans have high deductibles, charges for doctor visits, prescription drugs, and other medical expenses are typically paid for from the health savings account. By knowing how to keep these expenses to a minimum, and what expenses can be paid for from a health savings account, an HSA owner can save hundreds or thousands of dollars.”

Maximize Your HSA is published monthly, and distributed via email. Previous issues have covered ways to keep health insurance premiums low, how to pay for dental expenses from an HSA, and when over-the-counter medicines or nutritional supplements can be paid for from an HSA. Subscriptions and past issues are available at http://www.HSAforAmerica.com/newsletter.htm.

HSAs first became available in 2004. They enable individuals to set up tax-favored accounts that can be used to pay for medical expenses that are not covered by their health insurance. Individuals are eligible for an HSA only if they have a qualifying high deductible health insurance plan with an annual deductible of at least $ 1,000 on individual plans, or $ 2,000 on family plans.

All deposits into an HSA are tax-deductible. Funds can be withdrawn tax-free at any time to pay for medical expenses. Money not withdrawn grows tax-deferred like an IRA, and can be withdrawn penalty-free after age 65.

These accounts have already proven to be a popular health insurance option. By 2008, it is predicted that there will be over 6 million HSA accounts. Analysts expect there to be $ 10 to $ 25 billion in these accounts by 2010.

“HSA for America is pleased to offer this service to its members,” says Wiley. “HSAs are still relatively new, and many accountants and financial advisers are not very familiar with them. Since money invested in an HSA can grow to be hundreds of thousands of dollars by the time someone retires, it is important that HSA owners stay informed and educated.

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, which represents dozens of insurance companies, offers instant quotes, online applications, and complete information on how health savings plans work.

Contact Information:

Fred Adams

HSA for America

Toll-Free: (866) 254-5121

Toll-Free Fax: (866) 284-0082

http://www.HSAForAmerica.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, PlanetHospital Partner to Improve U.S. Access to Less Expensive Foreign Hospitals










Fort Collins, CO (PRWEB) July 27, 2007

HSA for America announced today its partnership with PlanetHospital to offer their International Medical Services to its members who carry high-deductible HSA-qualified health insurance plans. PlanetHospital has successfully assisted over 500 patients from the US in need of immediate medical attention to receive quality treatments in countries such as India, Thailand, or Mexico, often at prices 80 percent lower than the cost of procedures in the U.S.

HSA for America has added PlanetHospital’s services to its growing list of tools designed to help its policyholders become better healthcare consumers. According to Wiley Long, President of HSA for America, “Consumer-driven health care is all about getting the patient more involved in their own medical decisions. Because HSA policyholders have high deductibles on their health insurance plans, it is important for them to find the best value for their healthcare dollar.”

In 2006, over 200,000 Americans traveled outside of the U.S. for medical treatment. For those with high deductible plans, exclusions for pre-existing conditions, or the need for dental treatment or cosmetic surgery not covered by their health insurance, international travel may save them thousands of dollars. In PlanetHospital’s network, treatment is typically done by English speaking, U.S. or European trained physicians, at hospitals certified by the Joint Commission International.

“We don’t recommend that U.S. citizens travel outside the country for treatment without doing careful research. By teaming up with PlanetHospital, we’ve got a resource that can place our clients and website visitors safely with American or European boarded (or board eligible) surgeons who are surprisingly affordable but do not compromise on care,” explained Long.

HSA plans are special health insurance policies that allow users to put aside money for future medical expenses. Any money put in the account is tax deductible, and can be used tax-free to pay for qualified medical expenses, including travel expenses.

PlanetHospital’s services are the latest in a growing list of services HSA for America has put together to help consumers save money on their medical expenses. Other benefits include discounts on prescription drugs, lab tests, and health reimbursement arrangements. You can see the complete list of benefits at: http://www.health–savings–accounts.com/member-benefits.htm

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 HSA administrators.

About Planet Hospital

Planet Hospital enjoys an international network of over 200 surgeons that are Western board certified or board eligible. Planet Hospital takes care of all logistics for its patients so that they can enjoy their medical tourism experience safely and affordable.

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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 and INSNET Team Up to Lower Medical Bills











Fort Collins, CO (PRWEB) July 24, 2008

HSA for America has announced that it is adding billing negotiation services to its list of benefits for members and website visitors. With INSNET individuals are given access to a service that was previously only available to insurance companies and self-funded employers. Now, Americans can save even more money to fund their HSA accounts or use for other family expenses.

“INSNET is excited about our partnership with HSA for America” says Jack Gillis, President of INSNET, LLC. “Recent years have shown tremendous growth in the HSA and High Deductible Health Plan market. As a result, individuals are paying more for their healthcare than ever before. In today’s economy individuals are looking to save money any way they can. Individuals with HSA accounts know it’s their money they’re spending, not the insurance companies.”

Since 1985 Insurance Negotiating Service (INS) has assisted insurance companies and self-funded employers save millions of dollars by negotiating medical claims. INSNET brings the knowledge and resources of Insurance Negotiating Service to individuals and helps them reduce their healthcare expenses.

Having a patient advocate to help individuals compare prices for medical expenses will allow them to save more money each year. This will also help to raise the competition in the market, which will result in lower medical rates and better health care for all. The idea of this process is similar to any shopping individuals do – when buying a car or house, looking for the best deals is priority; the same goes for health care.

“Today’s healthcare industry is not unlike to automobile, airline and hotel industries which have several reimbursement levels based on who is paying the bill,” said Gillis. “Between private insurance, PPO networks, Medicare and Medicaid hospitals and doctors can have over 100 reimbursement rates for the same procedure. It is possible for adult twins to have the same disease, receive the same treatment from the same doctor and depending on their insurance the payment rates can easily vary.”

HSA for America is known for offering money-saving services for its members and now it is going all-out to provide the best for them.

“INSNET is pleased to be part of the money saving services that HSA for America offers its members,” added Gillis. “With their prescription drug discount card, lab discount program and supplemental accidental plan, HSA for America helps its accountholders keep more of their funds in their HSA account.”

The bill negotiation services are offered to both HSA for America members and website visitors, without interference with their current health plan. If an individual has a medical bill of $ 200 or more, they can simply sign-up and submit the claim through the INSNET Bill Negotiation page: http://www.myinsnet.com/hsaforamerica

Bills can also be faxed or mailed in. The status of the claim can be checked anytime and discussed with a patient advocate. The amount saved ranges and can be as high as 80%, depending on the bill and services rendered. The medical expenses submitted are compared to other provider rates in the geographical area. If lower prices are found, then INSNET will contact the health provider to attempt to lower the bill. If successful the individual keeps 70% of the savings; at a special INSNET rate for HSA for America members. If a lower price couldn’t be negotiated, there is no cost for the individual.

Take advantage of these money-saving services by visiting HSA for America 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.







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

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

Bank of America Chosen as Exclusive Online Prime-Financing Lender on Kelley Blue Book’s kbb.com
CHARLOTTE, N.C.–(BUSINESS WIRE)–Bank of America and Kelley Blue Book (www.kbb.com) today announced that the bank has been selected as the exclusive online prime-financing lender on Kelley Blue Book’s website, kbb.com. With more than 17 million visits a month, kbb.com is the nation’s most visited automotive information website. In addition to pricing, reviews, dealer …
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Fort Collins, CO (PRWEB) March 14, 2007

HSA for America today announced a new affiliate partnership program for CPAs and other financial advisors to help their clients reduce their taxes. Under this program, financial advisors can offer instant quotes directly from their own website on health insurance plans that work with health savings accounts.

Health savings accounts, or HSAs, allow someone to put aside up to $ 5,650 per year to cover future medical expenses. Any money deposited in the account is tax-deductible, and grows tax deferred like an IRA. If the money is withdrawn to pay a medical expense, no taxes are ever paid on that withdrawal.

“HSAs are definitely a smart choice”, says Geoffrey Goudy, CPA, a sole practitioner in Fort Collins, Colorado. “Not only it is an immediate tax write-off, but people who stay healthy can build, in essence, a substantial medical retirement account for use in their later years.”

HSAs first became available in January of 2004, and now cover nearly 5 million people and are thought to hold as much as $ 5 billion in investments. HSA-qualified health insurance plans carry higher deductibles than traditional copay plans, in order to encourage the consumer to become more involved in their own health care decisions. As more people carry HSA plans, many economists predict that the competitive pressures on healthcare providers will lead to lower prices and higher quality.

Consumers are choosing these plans because of the lower premiums and tax benefits, yet many are still confused about how they work. “CPAs are in the perfect position to explain HSAs to the public”, says Wiley Long, President of HSA for America. “Yet very few CPAs are also licensed health insurance agents. By enabling the financial advisors to offer HSA quotes from their website, we can help them provide a higher level of service to their customers.”

HSAs are rapidly growing in popularity, and are expected to exceed $ 10 billion in assets by the end of 2007. Long said that numerous requests from CPAs led HSA for America to put together this program. Participating affiliates will have the opportunity to earn referral fees when someone applies for coverage, and will also get a listing on HSA for America’s website. Further information is available at: http://www.HSAforAmerica.com/CPA-affiliate-program.htm

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 online quotes, online applications, and comparisons of HSA administrators.

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