John Dear HSA pdf

8/14/2019 John Dear HSA pdf

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Safe2day Financial.com601 Loire Avenue

Suite A

Lafayette, LA 70507

Presented by Kevin Foster

Louisiana License No. 382726

Licensed Since 1999This presentation is for demonstration only

your actual numbers will be different.


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Why choose

Over 50 years providing continuous medical coverage

Owned by Credit Suisse with over 1.4 trillion dollars in assets

Over 15 million current customers served

Over 1 billion dollars in claims paid

Need a little more convincing..


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You cannot be cancelled (with the exception of non-payment of premium)

You cannot be single out for rate increase

Coverage 24/7 on or off the job

No pre-certification or referrals needed

Your choice of doctors and hospitals Worldwide coverage

We tailor plans to your needs.


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Health Savings Account

Established by US Congress

Health Care Reform Bill 2003

Why was the H S A enacted ?

To help small business owners with the escalating cost of health insurance premiums.

What is an H S A?

Federally Qualified High Deductible Insurance Plan that allows you to save money in

an interest bearing tax-deferred savings account that can be used to offset the

deductible and other non-covered medical expenses.


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H S A Small Business

Insurance and the Tax Implications Explained

Health Insurance thats easy tounderstand!

Lower Premiums

A single family deductible

100 % coverage after

deductible is satisfied

Tax breaks reduce cost ofInsurance!

Pre-tax dollars deposited in

saving account grow @ 6.15%

tax free

Premiums - tax deductible

if paid through business


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What about your families wellness

related expenses?

Children

Routine annual exams immunizations covered100% for Children under six years old

All this is not subject to your DEDUCTIBLE!!!!!!!

Men100% of your PSA test paid

Ladies100% of your annual exams Pap Smear & Mammography

Plus an annual wellness check up for each adult on the plan!


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How the

H S A works for you!

S i n g l eD e d u c t i b l e$5,400.00

H o s p i t a lB i l l$ 1 0 0 , 0 0 0 . 0 0

P P OD i s c o u n t4 0 %

R e - p r i c e d H ospital Bill$60,000.00

Y o u c o u l dp a y$ 5 , 4 0 0 . 0 0

US HealthPays

$54,600.00

How does the US Health Group H S A Insurance Plan W ork?


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Will you really miss your Doctor and

Prescription Co-pay?Doctor Office Visit $75.00PPO discounts 25 to 50 %For this lets use 35%

Pre-tax savings (assuming 28%) You pay $27.75

Prescriptions 90% of allmedications have a generic

and cost less than $20.00Brand Name $90.00PPO discount Pre-tax savings (assuming 28%)

You pay $33.25

Why pay more in premiums every month for something that yourarel use????


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A lot of people are worried about having a high

deductible plan!

Would you feel better if YOUR deductible was less

than $500.00?

How about if we paid you money?

Please allow me to show you!


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These optional plans are so in -

expensive and provide such great

benefits, I have included them in

the quote.

Understand these are optional

benefits and are broken outseparately in the quote and you

are not obligated to choose them.

The next three slide will explain

each plans benefits

THE COMBINATION OF THESE PLANS CAN GREATLY REDUCE YOUR OUT OF

POCKET EXPENSES AND IN SOME CASES ELIMINATE THEM


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87 % of all major claims are results ofCASHCancer Accidents Stroke Heart AttackYour deductible $5,400.00Cleaning the gutters you fall and break your Leg

Emergency Room Bill $3,000.00

Accident coverage w/ $100.00 Deductible $5,000.00

You pay $100.00

Also, $3000.00 of your annual

deductible has just been satisfied!

Scenario #1


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CASHCancerAccidents Stroke Heart AttackSame AccidentYour Deductible $5,400.00

THIS TIME Hip Replacement $150,000.00 Accident coverage w/ $100.00 Deductible $5,000.00

This time you pay $100.00 accident deductiblePlus remaining +$400.00 H S A deductible

You pay$500.00 & your deductible is met

And if youre in the hospital more then 2 days well also give you

$200.00 a day for the next 30 days

Scenario #2


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CASHCancerStroke Heart Attack

Scenario #3Same Accident

Your Deductible $5,400.00

THIS TIME you almost fall have heart attack $100,000.00

Your Critical Illness benefit $6,013.75

covers cancer, stroke and heart attack + more

You do what ever you want with the money!!!!!!

We Pay you $ 6,013.75


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Death BenefitScenario #4

Same Accident

This time Accident fatal Face Value $ 24,055.00

Accidental Death 2 X Face Value $ 24,055.00

Accidental Death Benefit from Association $ 10,000.00We pay your beneficiary$58,110.00


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Death Benefit

Scenario #5

Same Accident

This time Heart Attack fatal Face Value $24,055.00

If you take Life ProtectorWe pay $ 24,055.00 to yourBeneficiary


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Spouse's Death BenefitsAccident fatal Face Value $ 28,152.00

Accidental Death 2 X Face Value $28,152.00

+ Accidental Death Benefit from Association $ 5,000.00

We pay your beneficiary$61,384.00

Heart Attack fatal Face Value $28,152.00

We pay $28,152.00 to yourbeneficiary


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Now the insurance is clear

what about taxes?100% OF YOUR PREMIUM IS TAX DEDUCTIBLEANNUAL INCOME $50,000.00Less annual Premium $ 6,240.00New Taxable Income $ 43,760.00

ANNUAL PREMUIM $ 6240.00 X 28% tax bracket = $1747.20

$1747.20 Tax savings / 12 months = $ 145.60 / month tax break


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Health Savings Account$ 5,650.00 Maximum saving allowed by Law (pre-tax dollars )

28% Tax bracket

$1,582.00 Annual Tax Savings /12 mos. = $132.00

$5,650.00 H S A6.15 % Interest Rate ( TAX FREE)$347.48 ANNUAL INTEREST /12mos = $ 28.96


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Real Tax Savings

ASSUME A MONTHLY PREMIUM $ 480.67

ANNUAL 100% PREMIUM

TAX DEDUCTION < 145.60>

$ 5,400 ANNUAL H S A PRE-TAX

DOLLAR SAVINGS MONTHLY

6.15% INTERST RATE

ANNUAL $270.54 / 12 MONTHS < 28.96>

MONTHLY PREMIUM AFTER TAX SAVINGS $174.11


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Summarized Health Insurance $5,650.00 Deductible True cost

real tax savings and interest (cash) Premium $ 480.67 $ 174.11

CIA Accident coverage for family Premium $ 39.95 $ 39.95

$5,000.00 / 100.00 Deductible $200 a/day + many more benefits

Life with critical illness 24,005.00/ 28152.00 Premium $ 40.00 $ 40.00

Total COST $ 560.62 $ 254.06

Man 45, Woman 45, & 2 children used$90.00 / monthof the

H S A saving @ the age of 65 money family would have stillAccrued$166,831.07and saved$89,512.71 in

taxes

John Dear HSA pdf

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