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Assurant Health Savings Account (HSA) Plans
Let the leader work for you!
Assurant Health was the first to introduce the Health Savings Account (HSA), a tax-advantaged savings account1. It's the most innovative approach to health care financing in years. You won't pay tax on the funds you deposit or the interest you make. And you can use the funds to pay for your qualified medical expenses, or start a nest egg for retirement. When you look at the money you can save with a Health Savings Account (HSA), it's easy to see why it's the smartest way to pay for your health care expenses. Take a look:
|
Typical Family
Plan Three times single deductible: $1,000 |
HSA Plan Common Family deductible: $5,200 |
|
| Coinsurance |
80% 20% (doctor office copay) |
100% |
| Premium Paid | $6,720 | $3,016 |
| Your share of medical care expenses ($1,500 claim) |
$1,000 for deductibles, $100 for coinsurance, $550 for other non-covered medical expenses + $1,650 |
$1,500 for medical expenses and $550 for dental/eyewear expenses + $2,050 |
| Expenses subtotal | = $8,370 | = $5,066 |
| Tax savings on HSA deposits (Assumes a 28% tax bracket on deposit of $5,200, the maximum contribution allowed with a $5,200 deductible) | $0 | $1,456 |
|
Net expenses (out-of-pocket minus savings) |
$8,370 | $3,610 |
| Total net savings with HSA Plan | = $4,760 |
For more information about plans through Assurant Health, please call 877-800-7340 or contact your local insurance agent Murray Herstein at 612-991-3546.
| Note: If you are self-employed, you can deduct your premium. |  |
|
This example is based on the national average health insurance premium of an individual with a family of four living in a metropolitan area, covered medical expenses totaling $1,500, and $550 in expenses for dental care, contacts and eyeglasses. Health insurance premiums vary substantially based on age, geographic location and other variables. Federal tax savings calculations assume that contributions are deducted from federal taxes. Withdrawals for non-qualified expenses prior to the age of Medicare eligibility are subject to a 10% penalty by the IRS. |
Let us help you be smart about paying for your health care expenses.
You'll see these advantages:
- “Tax-advantaged” dollars — the smartest way to pay for your medical expenses1
- The money's always yours — since your balance rolls over each year, “use it or lose it” doesn't apply
Assurant Health offers you seamless, simple administration of your account — all online. We're the HSA leader because we're the only company that:
- Offers you an integrated health plan and HSA administration all on one site — so you don't have to go back and forth between screens to make sense of things.
- Offers you seven different fund families — so you can grow your funds
- Provides three options for waiving the small monthly fee
Health Savings Accounts are available with qualified high deductible health plans, like the One Deductible plan.
1 Assurant Health and its legal entities are not engaged in rendering tax, investment or legal advice. Federal and state tax regulations are subject to change. If tax, investment or legal advice is required, seek the services of a licensed professional.
2 Your rate
may vary. Many sates allow for state tax
deductions on HSAs.
Assurant Health and its affiliates are not
engaged in rendering tax, investment or
legal advice. Federal and state tax
regulations are subject to change. If tax,
investment or legal advice is required, seek
the services of a licensed professional.
877.800.7340 local 612.991.3546After providing your basic information on our health insurance quote form, you'll receive free quotes, compare plans side by side, and apply for coverage either online or by submitting paper applications. If you have a question or need personal assistance, you can contact one of our licensed agents for the answers and unbiased advice you need to make the most of your insurance dollars.