Let the leader work for you!
Assurant Health was the first to introduce the Health Savings Account (HSA), a tax-advantaged savings account. 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 |
|
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 expenses
- 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 organization that:
- Developed 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.
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.
Your rate may vary. Many states allow for state tax deductions on HSAs.
Contact
For more information about plans through Assurant Health, please call 866-884-INFO (866-884-4636) or contact your local insurance agent.
back to top ^