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 […]
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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Maternity Benefits: No longer a common offering
As the landscape of our nation’s health care system continues to change, products and benefits offered by the many carriers change as well. While the health care reform will eventually force the carriers to shoulder higher risk individuals, who would have been declined coverage prior to the legislation, the carriers are scrambling to […]
Anthem Lumenos HSA: As popularity grows, rates and benefits remain grounded
For the better part of two years, Anthem Blue Cross and Blue Shield has been converting loyalists of competing carriers into proud Anthem policy holders. The secret to this growing admiration? The Lumenos Health Savings Account (HSA) plan.
As individuals, families and employer groups continue to move business over to Anthem, one has to […]
Heathcare Reform to Restrict Use of FSAs, HRAs and HSAs
As the recently enacted Patient Protection and Affordable Care Act continues to move toward full implementation, it is apparent that the bill could very well change the manner in which we use our coverage. One aspect of the bill that has caused a stir amongst insured individuals is concerning the guidelines for the […]
