Join me @ IBOtoolbox for free.
Eric Wilson
Member Since: 2/7/2018
  
performance / stats
Country: United States
Likes Received: 151
Featured Member: 0 times
Associates: 280
Wall Posts: 420
Comments Made: 125
Press Releases: 354
Videos: 50
Phone: (815) 372-1363
Skype:    
profile visitor stats
TODAY: 62
THIS MONTH: 817
TOTAL: 58552
are we ibo associates?
active associates
Brandon J Urquhart I    
Last logged on: 7/18/2019


Whitney Jacqueline     
Last logged on: 7/18/2019


Bill Bateman     
Last logged on: 7/18/2019


Marlena Burton    
Last logged on: 7/18/2019


Camille Cameron    
Last logged on: 7/18/2019


Terri Pattio    
Last logged on: 7/18/2019


Bobby Brown    
Last logged on: 7/18/2019


Dominic Goss    
Last logged on: 7/18/2019


Chris Shouse    
Last logged on: 7/18/2019


George Galvin     
Last logged on: 7/18/2019


Dorothy Allen    
Last logged on: 7/18/2019


Patrick Pierre    
Last logged on: 7/18/2019


Stephen Porter     
Last logged on: 7/18/2019


John Kespert    
Last logged on: 7/18/2019


Linda Michel White       
Last logged on: 7/18/2019


other ibo platforms
Eric Wilson   My Press Releases

Why a Health Savings is Right!

Published on 6/11/2019
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.