msainfo.net
THE complete source for health savings account plans
Medical savings accounts were renamed health savings accounts by Congress in Jan. 2004. Our site is completely up to date for HSA plans in 2008, and because it is owned and operated by "the HSA king," you know you'll get the best service and advice on top plans offered by America's leading insurers.
 
We only recommend quality plans from quality companies, such as:

Health Savings Accounts - The Smart Way to Insure Your Health™

If you're interested in saving money on your health plan, you're at the right place! Review our site and discover why over 2 million people have established their own health savings account plans since Jan. 1, 2004 (when the old medical savings accounts became known as health savings accounts). Let us help you establish your new HSA plan by getting quotes for the required high deductible health plan from multiple A-rated insurers through our nationwide insurance brokerage, owned and operated by "the HSA king."

Establishing a health savings account plan involves a simple, 2-step process:
1. Become insured under a high deductible health plan that is qualified to work with an HSA plan, then
2. Open and begin funding the actual savings account (step 1 comes first, by law).

The main reason people switch to an HSA is the huge premium savings realized by switching to a qualified high deductible health plan. that is required (under IRS regs) for an HSA plan. Of course, special tax advantages are also a welcome benefit. In the long run, there is NO WAY to beat the cost-effectiveness of an HSA plan. If you still don't understand why after reviewing our site, please call my office for a personal, one-on-one consultation. This is just too important to your future to miss out on.

Recommend course of action: Surf our site and learn about the health savings account plan concept. Click the green button on the right hand side menu to request quotes from multiple insurance companies offering high deductible policies that are HSA qualified in your state. PLEASE NOTE: We do not "sell" any particular "product." Our independent nationwide insurance brokerage truly is fully independent! We work side-by-side with you to help you identify the best possible plan to suit your needs. Then, unlike most other agencies, we also help you set up your new HSA account at one of serveral leading financial institutions. Truly, one-stop shopping for a health savings account plan, and at no cost to you! (All we ask in return is the opportunity to become agent of record on your new high deductible health policy. If you have your own agent you insist on keeping, please do not contact our agency for quotes or assistance. Thank you for understanding.)

If you already have a high deductible health plan and you're only looking for the savings account you've heard about, you may want to review my White Paper Report to find out: Is My High Deductible Plan HSA-qualified? TIP: Most existing policies with a "high deductible" actually are NOT HSA-qualified. Do not presume yours is qualified -- call me to find out.

Quick Study: This example illustrates how a typical family health savings account works:
Bob and Carol are in their 40's with 2 children living in the greater Mobile, Alabama area. They live a typical life in the 'burbs, even to the extent of replacing their gas guzzler with a hybrid. When their prior medical plan jumped from $620/month to $750/month, they called us for help.

First, we realized that they are ideal candidates for a health savings account plan for several reasons, including: they A) pay their own premiums; B) never get sick; and C) rarely go to the Doctor. (If this sounds like you, then you may also be an ideal candidate for a health savings plan.)
We recommended an HSA plan with a $7,500 family deductible that pays 100% of covered expenses after the deductible is met (features vary from plan-to-plan). Because they have two children, they opted to add a benefit that reduces their deductible to only $100 in the event of accidents. Even with the added cost of the accident deductible buy-down, their total monthly premium was only $365/month, or $4,380/year (illustrative only - premiums and coverage vary on a case-by-case basis).
  Old Plan
 HSA Plan
Deductible
$2,000
(per person, max of 3 per year)

Sickness
$7,500 (family)

Accident
$100
Co-insurance
80%/20% of next $10,000
(per person, max of 3 per year)
 100% after deductible
Total exposure
 $12,000*
($4,000 per person x 3 max/year) 		$7,500 - sickness
$ 100 - accident
Premiums paid
$9,000 $4,380
Premiums saved
 n/a $4,620

Tax savings
(on HSA deposits)
$0		 $1,624
($5,800 HSA deposit x 28%)
Note that $4,620 of the $5,800 came from premium savings on the prior plan
Net savings with HSA health savings account plan
 $6,244
*The old plan also included co-pays for Dr's visits ($30) and Rx drugs ($15-generic). By law, an HSA plan includes no pre-deductible co-pays for routine care or treatment, except that optional co-pays may be included for preventative care. Incidentals such as dental, eyecare, etc., would entail additional expenses under each plan and have been omitted for simplicity. Under an HSA plan, many expenses including dental and eyecare can be paid with tax-free HSA dollars. Different insurers offer different HSA plan options.

This is cool. Did you notice who is actually covering most of their routine medical bills now under the HSA plan? It's their old health plan and Uncle Sam! That's because their premium savings and tax savings combined were almost enough to fully fund the actual HSA account! But what if they don't need to tap the account? What if they remain healthy?

Here's the secret as to why families such as Bob & Carol's enroll in health savings account plans:

If they remain healthy, they get to keep all of that money they are saving! It's a bet that makes more sense than continuing to over-pay by thousands of dollars a year for the "bells & whistles" in a fancy health plan. Even in the worst case scenario, they're really no worse off than they were, and perhaps even ahead.

How much could you save with a health savings account plan?
There's only one way to find out - get some quotes! If the concept makes sense, then getting quotes for the high deductible medical insurance policy that is required for an HSA savings plan is the next logical step. Knowing your actual HSA plan premium is the key factor in determining whether an HSA makes sense for your family. In other words, all of the research in the world is irrelevant if your actual premiums are going to be too high to justify adoption of the plan. And no--the HSA actually does not make sense for everyone, usually because of higher than anticipated premiums or insurability issues. The longer you wait, the more money you'll keep throwing away on over-priced plans. All you need - is a good agent. (For a quick read on the ups and downs of an HSA,, read my White Paper Report: 7 things you should know about an HSA.)

Service you can trust - from our nationwide insurance agency
Our promise to you: When you deal with our agency, you deal only with our agency! Unlike the majority of so-called insurance sites on the net (that have no licensed agent behind them), we are an actual brick and mortar insurance brokerage that happens to be licensed in about 30 states. Online marketing has become our primary business, and we deal only with high deductible health plans from major, brand-name carriers. Our reputation is on the line with every recommendation we make. Give us a chance to compete for your health insurance business -- even if you do not want an HSA plan, we can still save you some serious money will keeping you properly insured. We'll do everything possible to make the experience a pleasant one. Thanks for visiting our site!

TIP: Rates and plan designs are always the same with each company, and there aren't that many companies left marketing health insurance. The only difference, therefore, is in the quality of service you receive from the agent you select! And no--you do not get a "better deal" by going direct to an insurer! Their rates are never "better," and you're usually speaking with an unlicensed individual whose sole purpose is to make his or her "quota" for the week! You actually are better served by a duly licensed agent who independently represents many brand-name insurers and whose main purpose is to keep your business for many years to come, by providing quality service up front and down the road, even when it is necessary to switch insurance companies later on.

 

Availability
Insurance coverage for medical savings account plans is not available in all states and is always subject to underwriting. We are licensed to provide quotes only in the following states: Alabama AL, Arkansas AR, Arizona AZ, California CA, Delaware DE, Florida FL, Georgia GA, Idaho ID, Iowa IA, Illinois IL, Indiana IN, Kansas KS, Kentucky KY, Louisiana LA, Maryland MD, Michigan MI, Minnesota MN, Mississippi MS, Missouri MO, Nevada NV, North Carolina NC, Ohio OH, Oklahoma OK, Oregon OR, Pennsylvania PA, South Carolina SC, Tennessee TN, Texas TX, Utah UT, Virginia VA, and Wisconsin WI.
Disclaimer

This site is intended only for informational purposes and should not be construed as offering legal or tax advice, nor as an offer to insure. Any recommendation we make regarding account services is based on our current understanding of the most competitive administrator sources.  Each account holder is free to choose his/her own administrator at any time. There are no warranties implicit or otherwise regarding the performance of any particular medical savings account. Investors are cautioned that funds deposited into an investment oriented account may lose value. Specific questions regarding your account should be directed to your administrator.

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