Health Savings Accounts (HSA)
Health Savings Account Tax Forms: How to Make sense out of the HSA tax forms
As a health insurance agent living in Cincinnati, Ohio and being the proud owner of an HSA (AKA: Health Savings Account), even I was confused about the new forms that I now had to file for my personal taxes. So here is a breif tutuorial of the who, what, when , where how of health […]
Healthcare reform and its tax implications
Key tax changes affecting individuals as a result of healthcare reform:
Limits on reimbursement of over-the-counter medications from HRAs, HSAs, FSAs and MSAs. Over-the-counter drugs not prescribed by a doctor are excluded from being reimbursed through a health reimbursement account (HRA) or health flexible savings accounts (FSAs) and from being reimbursed on a tax-free basis through […]
High deductible HSA plans becoming a more popular option to employers/employees
Cliff Peale of the Cincinnati Enquirer (11/1, Peale) writes this week about the open enrollment period that many businesses are facing between now and January 1, 2011. During this election period, employees select their health insurance coverage for the upcoming benefit year. Peale writes: “Disappearing fast is the health maintenance organization (HMO), the symbol of […]
Open a Health Savings Account with your bank!
With the popularity of high deductible health plans and Health Savings Accounts (HSA) growing, it’s important to know what your options are as a consumer. Most health insurance carriers try and steer their clients toward a single banking institution, when setting up an HSA, that the carrier has a relationship with. However, those with HSA […]
Protect Yourself with Humana’s Newest Ancillary Products!
With health insurance rates on the rise, many people with individual and family health insurance policies are looking for ways to reduce their monthly premiums. In most cases the only way to lower rates is by increasing the deductible. It’s understandable that most people might be uncomfortable with this proposition as such a […]
Self Employed Health Quotes with Medical Mutual of Ohio SuperMed One
Affordable self employed health quotes can be hard to find. Throughout Cincinnati, Dayton, Columbus, Cleveland and Toledo there are thousands of individuals who are in need of affordable self employed health quotes, such as the health insurance plans through SuperMed One offered by Medical Mutual of Ohio.
Medical Mutual of Ohio offers numerous […]
Understanding Health Reimbursement Accounts and Health Reimbursement Arrangements (HRA)
In the world of consumer directed healthcare, first there was the MSA, then the HRA and finally the HSA (Health Savings Accounts). Today the HSA is king of the mountain, but for savvy employers across the country, the HRA is a tool that helps them manage their health care costs.
The Health Reimbursement Account (HRA) has […]
Advantages of a Health Savings Account (HSA) Eligible Health Insurance Plan
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Another Wellness HSA Option in Ohio
As mentioned in an earlier post, the Lumenos Health Savings Account (HSA) plan, offered by Anthem Blue Cross & Blue Shield, has become very popular among individual health insurance policies. Other major carriers have taken notice of this and developed plans that are very similar in terms of benefits and premiums. One carrier in Ohio that has […]
Questions about the Anthem Lumenos Health Savings Account and how it works
Do we have to put the money in the Health Savings Account ahead of time and is there a minimum amount?
You are not required to put any money in the HSA, but if you would like to have a monthly deposit put in they usually require that the deposit be at least $25 per month.
The Anthem […]
