Advocate
Financial
Group
3461-C L'ville-Suwanee Rd
Suwanee, Georgia 30024 Tel. (678) 546-7890
Fax. (678-546-7372
MAPQUEST US!
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Health Savings Accounts |
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How To Setup an HSA |
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Take the money currently spent on existing insurance and put a portion towards a qualified higher-deductible plan, with the remainder going into a Health Savings Account.
Use the Health Savings Account to help pay the deductible; then higher-deductible major medical pays for the remaining covered medical bills.
The link below will direct you the Department of Treasury website. This will provide information on HSA's.
http://www.treas.gov/offices/public-affairs/hsa
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Health Coverage Benefits |
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| Major Medical |
Savings Account
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Simple:
100% coinsurance after the deductible is met (optional 80% coinsurance to lower premium). |
First Dollar:
Savings can be used to help pay the deductible and for noncovered medical expenses, such as dental and vision. |
Predictable:
One deductible per family. |
Security:
Savings reduce or eliminate annual out-of-pocket exposure. |
Comprehensive:
Quality major medical, including preventive care and prescription drugs. |
Pool of Money:
Savings not spent remain in the HSA tax-deferred (not use it or lose it).
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*NOTE: HSA's replaced MSA's Jan 2005. Now HSA's are available to everyone and not just businesses or the self-employed.
The link below will direct you the Department of Treasury website. This will provide information on HSA's.
http://www.treas.gov/offices/public-affairs/hsa
Tax-deductible:
Self-employed contributions to the HSA are 100% deductible -- just like an IRA (up to the legal limit).
For the legal limit on tax deductible contributions and other HSA details, please call 678-546-7890 |
Tax-free:
Withdrawals for qualified medical expenses are never taxed. |
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Tax-deferred:
Interest earnings accumulate tax-deferred, and if used for qualified medical expenses, are tax-free.
Retirement:
HSA funds can be used for Long-Term Care Insurance premiums. HSA funds can be used for non-medical expenses after age 65 (taxable event with no penalties).
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 | SBA Benefits
Supplement your HSA plan with great accidental injury benefits!
This plan covers up to $5000 of your medical bills each time you or a family member has an injury ($250 deductible).
HSA Funds can be used to purchase this plan. It is only $29.95 per month regardless of the size of your family.
Click the SBA Logo for a Printable Copy of the SBA Brochure.
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Click the Following Links for Printable, Downloadable Information for Blue Cross, Blue Shield HSA's.
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