It's Here !An Alternative to the high cost of health insurance.
Health Savings Accounts (H.S.A.s) are a new option for Americans to be able to say, I own my own health savings account, and the doctor-patient relationship is central to the decision-making process.That's the core of our philosophy. Health savings accounts are new. Anything new in society, when it comes to health, requires a certain amount of education.
Now, if you own a small business like Sharon, she wants you to know how these accounts work, because part of the problem we have in our society is the cost of health care is too high. These accounts will help reduce the cost of health care for small businesses, as well as for individuals.
Sharon buys a catastrophic health plan that says the insurance company will pay for anything over $5,000 of health care coverage. Therefore, Sharon has the comfort of knowing that if something goes terribly wrong, she's taken care of by the insurance company. Sharon then contributes, tax-free; into her own H.S.A. account $2,000 (she doesn't have to contribute anything). There is a tax incentive to do so. Her money earns interest tax-free; and if he needs the money to pay medical expenses in the future, her deposits come out tax-free.
Now, this small business owner can do the same for her employees. Buy a catastrophic plan with a lower deductible and help the employee put money for medical expenses in their own H.S.A. account
The point to you is, Sharon and her employees gets to decide, as opposed to a program where somebody else is making the health care decisions, an insurance company for example, how to spend your health care dollars. You are now in total charge on a tax-free basis.
These plans will change small businesses. And so small business owners need to take a look at health savings accounts. It's a way to provide good health coverage for employees at a much lower cost basis than you're probably having to provide now.
Companies we represent:
Aetna Health Assurant Health Care Blue Cross Blue Shield of Georgia
Coventry Health Care Golden Rule Health Care Kaiser Permanente