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HSA HSA This is how you do This is how you do it. it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High? Copyright © 2008, DYB Marketing. All rights reserved. Health Savings Account

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Page 1: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

HSAHSA

This is how you do This is how you do it.it.

You can Save $100 – $700 per month, per employee and still have the same or

better coverage…

Health Insurance Costs Too High?

Copyright © 2008, DYB Marketing. All rights reserved.

Health Savings Account

Page 2: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

What’s Happening Now…

Americans spent $2.0 trillion dollars on health care last year. This represents 15% of the U.S. gross national product!

It’s time for a better way.

Today’s Health Insurance Market is Today’s Health Insurance Market is in anin an

Affordability CrisisAffordability Crisis

Copyright © 2008, DYB Marketing. All rights reserved.

Page 3: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Is accepting traditional expensiveinsurance plans.

The consumer has been insulated from the true cost of health care by low deductibles and co-pays.

What’s Happening Now…

The Most Common Health The Most Common Health Insurance Mistake.Insurance Mistake.

Copyright © 2008, DYB Marketing. All rights reserved.

Page 4: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

The Purpose of InsuranceThe Purpose of Insurance

What’s Happening Now…

To protect your employees from financial hardship due to unforeseen, catastrophic illness and injury.

Copyright © 2008, DYB Marketing. All rights reserved.

Page 5: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

UnforeseenUnforeseenHealth Injury!Health Injury!

Catastrophic Health Situation!

Copyright © 2008, DYB Marketing. All rights reserved.

Page 6: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

What’s Happening Now…

80% of insureds have claims < $3,000 annually

70% of insureds have claims < $2,000 annually

55% of insureds have claims < $1,000 annually

Insured Claims ForInsured Claims ForFamilies and Individuals in 2006Families and Individuals in 2006

Copyright © 2008, DYB Marketing. All rights reserved.

Page 7: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Are You Getting the Best Are You Getting the Best Health Insurance Policy for Health Insurance Policy for

Your Situation? Your Situation? OR OR

The One Your Insurance The One Your Insurance Agent Makes the Most Agent Makes the Most

Money On!Money On!

With That Said…

Copyright © 2008, DYB Marketing. All rights reserved.

Page 8: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Choose The Right Agent…

The Truth is with insurance regulations and standards, every agent receives the same price structure to offer clients.

The difference is asking the right questions to make sure you and your employees get the best insurance coverage for your situation.

The Truth

Copyright © 2008, DYB Marketing. All rights reserved.

Page 9: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

The Three Most Dangerous Words The Three Most Dangerous Words You Could Say To Your Insurance You Could Say To Your Insurance

Agent: Agent: ““You’re The Expert.”You’re The Expert.”

Choose The Right Agent…

80% of Insurance Agents don’t specialize in health insurance. That means you may not be dealing with an expert.

Make sure your health care professional is truly an expert in HSA insurance options.

Copyright © 2008 DYB Marketing. All rights reserved.

Page 10: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Do You Understand The High Do You Understand The High Cost Of Health Care Today?Cost Of Health Care Today?

Choose The Right Plan…

The consumer must have greater financial responsibility for health care purchases to serve as an incentive to make prudent health decisions.

Greater financial responsibility includes: Understanding high deductible policies. Eliminating co-pays. Using Health Savings Accounts (HSA).

Copyright © 2008, DYB Marketing. All rights reserved.

Page 11: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Choose The Right Plan…

Has the most affordable monthly premium.

A deductible that makes sense.A pre-tax savings plan for your

business and employees.

At Last…At Last…A Health Insurance Plan that:A Health Insurance Plan that:

Copyright © 2008, DYB Marketing. All rights reserved.

Page 12: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Choose HSA

A Health Savings Account (HSA) is a tax-favored savings account designed to allow for the accumulation of funds to pay for qualified health care expenses and to save for future expenses.

The HSA works with a high deductible health insurance plan. Together they provide:

Premium SavingsTax AdvantagesInvestment Opportunities

What is a What is a HSA?HSA?

Copyright © 2008, DYB Marketing. All rights reserved.

Page 13: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

The HSA is the newest and most innovative approach to financing health care since the early 1960s.

HSAs are part of a permanent, federally approved program effective January 1, 2004.

The U.S. Congressional Committee estimates that 40 Million HSA policies will be written in the next 6-9 years.

What Is A HSA…

Copyright © 2008, DYB Marketing. All rights reserved.

Page 14: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

What Is A HSA…

How Does It How Does It Work?Work?

Copyright © 2008, DYB Marketing. All rights reserved.

Page 15: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Single Family $1,100 - $2,900 $2,200 - $5,800

Low premium – High deductible. Select deductible to maximize monthly

premium savings. Common Family Deductible

Everyone in family shares one deductible. Gives you less out of pocket expense risk.

Deductible ChoicesDeductible Choices

Choose Major Medical Insurance Policy

Copyright © 2008, DYB Marketing. All rights reserved.

Page 16: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Choose HSA Contribution

Annual contribution limits for 2008 are capped at the lower amount of either the insurance policy deductible or $2,900 for individuals and $5,800 for family.

Catch-up Contributions – Those 55 and older can make additional annual contributions. Amount allowed is $900 in 2008.

Maximum ContributionsMaximum Contributions

Copyright © 2008, DYB Marketing. All rights reserved.

Page 17: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

HSA Savings ExampleCurrentPolicy

QuotedPolicy

HSAAccount

ExtraSavings

Month 1 $700.00 $300.00 $300.00 $100.00

Month 2 700.00 300.00 300.00 100.00

Month 3 700.00 300.00 300.00 100.00

Month 4 700.00 300.00 300.00 100.00

Month 5 700.00 300.00 300.00 100.00

Month 6 700.00 300.00 300.00 100.00

Month 7 700.00 300.00 300.00 100.00

Month 8 700.00 300.00 300.00 100.00

Month 9 700.00 300.00 300.00 100.00

Month 10 700.00 300.00 300.00 100.00

Month 11 700.00 300.00 300.00 100.00

Month 12 700.00 300.00 300.00 100.00

One Year Totals $8,400.00 $3,600.00 $3,600.00 $1,200.00

Copyright © 2008, DYB Marketing. All rights reserved.

Page 18: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Qualified HSA Withdrawals

Eligible medical expenses as defined under Section 213 (d) of the IRS Code. Examples include: Medically necessary services Deductibles and co-insurance payments Eye care, glasses Dental

Qualified Long-Term Care Premiums COBRA Continuation Premiums Medicare Premiums

Copyright © 2008, DYB Marketing. All rights reserved.

Page 19: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Non-Qualified HSA Withdrawals

Under age 65 Non-qualified withdrawal is taxed as ordinary

income plus 10% penalty. 65 or Older

Subject to income tax but likely at a lower rate; just like a non-qualified 401k withdrawal.

No penalty

Copyright © 2008, DYB Marketing. All rights reserved.

Page 20: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

HSA Tax Advantages

Contributions are either tax deductible or can be paid with pre-tax dollars through a cafeteria plan.

Investment income is tax-free.Qualified withdrawals are tax-free.Accrue savings from year to year and

build a tax-sheltered nest egg for future long-term healthcare.

““That makes HSA That makes HSA tax benefits SUPERIOR even to IRAstax benefits SUPERIOR even to IRAs. With IRAs the money . With IRAs the money is taxed either before it goes into the account or as it is taken out.”is taxed either before it goes into the account or as it is taken out.”USA Today USA Today

Copyright © 2008, DYB Marketing. All rights reserved.

Page 21: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Investment Opportunity

Save money TAX-FREE for future medical expenses.

Unused funds accumulate from year to year giving you the power of compound interest in the investment option of your choice.

Investment option examples: Money market funds Stocks and bonds Mutual funds Savings Accounts

Copyright © 2008, DYB Marketing. All rights reserved.

Page 22: HSA This is how you do it. You can Save $100 – $700 per month, per employee and still have the same or better coverage… Health Insurance Costs Too High?

Bottom Line…

7 out of 10 businesses I quote save 7 out of 10 businesses I quote save money on their health care coverage.money on their health care coverage.

Evaluate Your Health Insurance Today! Evaluate Your Health Insurance Today! Invest 10 minutes and receive your quote!Invest 10 minutes and receive your quote!

[Agent Name]My Promise: You’ll receive the best

priced quote for your situation.

Copyright © 2008, DYB Marketing. All rights reserved.


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