Join me @ IBOtoolbox for free.
Eric Wilson
Member Since: 2/7/2018
  
performance / stats
Country: United States
Likes Received: 129
Featured Member: 0 times
Associates: 280
Wall Posts: 347
Comments Made: 125
Press Releases: 282
Videos: 49
Phone: (815) 372-1363
Skype:    
profile visitor stats
TODAY: 17
THIS MONTH: 582
TOTAL: 54900
are we ibo associates?
active associates
Linda Michel White     
Last logged on: 3/25/2019


Vernon Wallis    
Last logged on: 3/25/2019


Bobby Brown    
Last logged on: 3/25/2019


Brian Stefan    
Last logged on: 3/25/2019


Joe Coon    
Last logged on: 3/25/2019


Whitney Jacqueline      
Last logged on: 3/25/2019


Bill Bateman    
Last logged on: 3/25/2019


George Holmes    
Last logged on: 3/25/2019


Micky Gramlin      
Last logged on: 3/25/2019


Wanda K Robinson    
Last logged on: 3/25/2019


Eugenijus Sakalauskas    
Last logged on: 3/25/2019


Dennis Thorgesen    
Last logged on: 3/25/2019


Desus Nirist    
Last logged on: 3/25/2019


Spencer Taylor Jr    
Last logged on: 3/25/2019


Neil Kinch    
Last logged on: 3/25/2019


other ibo platforms
Eric Wilson   My Press Releases

Why a Health Savings is Right!

Published on 10/2/2018
For additional information  Click Here

The health insurance industry is very unique.  When you compare it to other types of insurance, you will find that most insurances are based on the catastrophe.

Your auto insurance does not cover new tires or oil changes.  Your homeowner’s insurance does not pay for a new paint job or if your oven breaks down.

Somehow, health insurance pays for doctor visits ( new tires) and prescription drugs (oil changes).  These two benefits are what adds most of the cost to a health care plan.

With health insurance, you pay for these benefits whether you use them or not.

This is why I love the health savings account type plans.  The HSA has a higher deductible and only covers the doctor visits and prescriptions after you meet that deductible.  It protects you from the catastrophic loss and kind of puts you in control of your healthcare dollars.  They often times cost half as much as a co-pay plan would cost.

Then, if you choose too you can set up the “saving accounts” portion of the plan in which you can fund it like an IRA, in which money you put it tax-deferred and goes out tax-free if you use it for medical expenses.

I carry a $5000 deductible then 100% plan so I am on the hook for the first $5000 in any year.  I have my “savings account” funded to $5000, so if I do have the severe medical loss, I have it covered.  Unlike a Flex Spending Account (FSA) that many people have through their job, the money you fund rolls from year to year, so I would not have to fund my “savings account” unless I use a portion of it over the year.

For more information about HSA plans please give me a call.  I have done several speaking engagements on this topic.

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.