What is Your Most Valuable Asset
is it the business you own, the home you live in, the vehicles you drive or your investment portfolio? Actually, the answer is quite simple. All of these possessions are dependent on your ability to get up and go to work each and every day. How long could you maintain your current livestyle and provide for your family or employees?
This was recently driven home to me in my own family. One of my daughters slipped in the snow, fell and broke her right arm just below the shoulder. This resulted in complete loss of income for about two months and limited ability to return to work for another couple of months. Fortunately, her husband was able to pick up the slack.
Her twin sisters husband almost simultaneously had an ackward fall while on the job, breaking is ankel in the fall. Fortunately, his wife (my daughter) has a good job and again, they were able to make up the loss of his income during his recovery.
If you're single, what is is your backup plan. Who's going to be there to pay the mortgage, rent, car payment, utilities, insurance premiums, etc.
There is a solution to the problem! Disability income (pay check) insurance can go a long way toward pro- tecting you from calamitous results. There is now a company which offers paycheck coverage starting with the first day that you are under treatment.
Our agency has specialized in providing this type of coverage for over thirty years. If this sparks an interest in finding a solution to providing income when it's most needed, give us a call at 800-964-3326. Visit our website at www.standean.com
As we age, some of us experience hearing loss. Some of the signs of hearing loss are:
If so, now might be a good time to have a hearing exam. You may not have hearing loss, but if you know of someone who has, refer them to us at 800-964-3326 or to Hi Health Innovations at 855-523-9355.
Hi Health Innovations, a wholly owned subsidiary of United Healthcare offers very important benefit which is available to all Medicare beneficiaries. If you are determined to need hearing aids, Hi Health Innovations offers very competitively priced hearing aids to all Medicare beneficiaries even if you do not have coverage through United Healthcare. To find out more abut hearing loss and affordable high-tech hearing, visit hihealthinnovations.com or call 855-523-9355.
What is a Health Savings Account (HSA)?
Health Savings Accounts (HSAs) are a new way for consumers to pay for medical expenses. As of January 1, 2004, almost anyone with a qualified high-deductible health plan can also have a Health Savings Account. HSAs can save you money on your medical care now as well as provide a good way to save for future medical expenses. HSA funds can pay for expenses before you meet your deductible as well as helps pay for services not covered by your health plan, COBRA coverage during periods of unemployment, medical expenses after retirement and long-term care expenses, to name just a few.
Your high-deductible health plan can be one you get through your employer or a policy you buy on your own. Even if you get your high-deductible health plan or even your HSA account through your employer, you own your account. You decide how much to contribute, how much of the account to use for medical expenses, and which medical expenses to pay from your account. You also choose whether to pay for medical expenses from the account or save it for future use. Even if you change jobs, your Health Savings Account is still yours.
You can keep the account even if you move to another state, and you can continue to keep it as you grow older. Regardless of where you get your health insurance plan, whether on your own or through your employer, your Health Savings Account funds are yours.
Unlike some other types of accounts, you don't lose HSA funds at the end of the year. Unspent balances remain in your account earning interest until you spend them on medical care. This will be a strong incentive for you to spend wisely on your medical care, just like you do on other items you purchase. You'll want to shop around for the best value for your health care dollars.
For detailed information on Health Savings Accounts (HSAs), please click here.
Q&A tri-fold on HSAs published by Treasury Department
A Primer on Health Savings Accounts for Consumers
Questions and Answers About Health Savings Accounts (HSAs)
How Can I Find an Agent To Establish a Health Savings Account?
You can call your current insurance company to see if your current health insurance policy qualifies to be used with a Health Savings Account. A licensed health insurance agent can help you with this process. To find an agent in your area, click here.
What Insurers Are Offering Qualified High-Deductible Health Plans That Can Be Used With a Health Savings Account (HSA)?
What If I Have a Qualified High-Deductible Health Plan But My Insurer Doesn't Offer the Health Savings Account Itself?
AN HSA can be established through a qualified trustee or custodian who is different than your high-deductible health plan insurer. A trustee can be an insurance company or bank or any institution already approved to administer Medical Savings Accounts (MSAs) or IRAs. Other trustees may be approved by the Treasury Department if they follow the procedures established.
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