Agent Login  |  HSA Member Login
Your Health Savings Account Experts
Search Results
Main
Entries 1-8 of 8
1
Wednesday, July 31, 2013
HSA Funding
Image courtesy of Master Isolated Images at FreeDigitalPhotos.net

Congratulations!  You have your HSA-qualified policy in place.  You have opened your health savings account and are ready to start funding it!

In a perfect world, you would sit down and write a check for the full amount you can fund for the year, based on your coverage.

2013 Single Coverage:  $3,250.00 ( + $1,000 catch up contribution if you are 55 or older) = $4,250.00

2013 Family Coverage:  $6,450.00 ( + $1,000 catch up contribution if you are 55 or older) = $7,540.00

As nice as that sounds, not everyone can fully fund their HSA.  But with our handy HSA Medical Expense Worksheet, you can fund what you think you will need based on last year's expenses.  With a little planning, you can be ahead of the game when it comes to paying for qualified medical expenses.

Medical Expense Worksheet

 
The beauty of a funded HSA is having money available when you need it.  If you anticipate a medical expense coming up, you can fund your account for the amount and use it immediately.  You get the tax break.  If you don’t have as many expenses as you thought you might, you can let the funds roll over and grow each year.
 
Funding your HSA – any way you look at it, it’s a win-win situation!

Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 7/31/2013 6:17:00 PM
Wednesday, July 17, 2013
HSA Choices
Image courtesy of samuiblue at FreeDigitalPhotos.net

Wine, leather boots, jeans, flannel sheets, cast iron pans, decision making…  Can you guess what these items have in common?  If you said "they all get better with age", you are correct!

As we get older, we gain more knowledge through education and our own personal experiences.  Our ability to make better decisions about things life has in store for us increases.  For this post, we wanted to pass on some of our knowledge to educate you about two very relevant topics: your healthcare and your money.

What better way to do this than to talk about Medicare (as everyone will have to have it in one form or another), and relate it to health savings accounts, our area of expertise.  So without further ado, here’s a basic crash course on Medicare and HSAs.

The Basics of Medicare

Medicare and Your HSA
Image courtesy of David Castillo Dominici at FreeDigitalPhotos.net

Part A: Hospital coverage

It helps pay for inpatient hospital care, skilled nursing care, hospice care and other services.  Most people don't have to pay anything for Medicare Part A.  If you have had a job for at least 10 years with a company that offers Medicare-covered employment, then you don’t have to pay for Part A.  If you don't meet this requirement, you may have to pay a premium for Part A.  Part A is also paid for by a portion of Social Security tax.
 
Part B: Medical Coverage  
It helps pay for doctor’s fees, outpatient hospital visits, and other medical services and supplies that are not covered by Part A.  Part B is paid for by the monthly premiums of people enrolled, and by general funds from the U.S. Treasury.  Most people pay monthly premiums for Medicare Part B.
 
Part C: Medicare Advantage 
Medicare Advantage plans allow you to choose to receive all of your health care services through a provider organization.  These plans may help lower your costs of receiving medical services, or you may get extra benefits for an additional monthly fee.  You must have both Parts A and B to enroll in Part C.
 
Part D: Prescription Drug Coverage  
Medicare Part D is a prescription plan that reduces the cost of formulary drugs.  Part D is optional, and there is a premium paid for by those who are enrolled in this plan.  Unlike Part A in which you are automatically enrolled and must opt out if you do not want it, with Part D you have to opt in.  There may be a penalty for not enrolling in a prescription plan.
 
HSA Options When Delaying Medicare
 
Delay Medicare
Image courtesy of Stuart Miles at FreeDigitalPhotos.net
If you have a job you love and choose to continue to work past the age of 65, you will delay your starting date to receive Social Security benefits.  Automatic enrollment in Medicare may not occur for you.  You will need to contact Medicare for instructions in enrolling.
 
Delaying enrollment in Medicare is a personal decision and requires time and research to see if you will benefit from such a delay.  Medicare enrollment affects your eligibility to continue to fund your HSA.  One requirement to fund an HSA is you cannot be covered by any other health plan that is not an HSA plan.  Medicare is not a qualified plan.  If you continue to work and stay on your employer-sponsored HSA plan and enroll in Medicare as well, you would not be able to fund your HSA for the months you are covered by Medicare.
 
If you do not enroll in any part of Medicare, including Part A, you are able to take advantage of continuing to fund your HSA. Nothing changes.  You can contribute up to the maximum allowed by the IRS increasing your nest egg.  You also still have the option of using the funds in your HSA for qualified medical expenses for yourself, spouse and any dependents or saving the money for use later. 
 
HSA Options When Enrolling in Medicare
HSA Choices
Image courtesy of jscreationzs at FreeDigitalPhotos.net
 
Once you enroll in Medicare, contributions to your HSA need to be prorated based on the month you enroll in Medicare.  If you enroll in August, then you can fund the amount for 7 months of having qualified coverage.  You do not have to contribute the allowed amount by the month you enroll in Medicare.  You have the same deadline as any HSA account holder.  The deadline to fund your HSA for 2013 is April 15, 2014 or the date your file your tax return, whichever comes first.
 
You can pay for Medicare premiums from your HSA when you turn 65.  This does not include supplemental premiums.  If your Medicare premiums are deducted from your social security allowance, you may be able to reimburse yourself from your HSA.
 
These premiums for your spouse can also be paid from your HSA as long as the account holder is 65 or older.  If your spouse is enrolled in Medicare, but you as the account holder are not 65 yet, your spouse’s premiums cannot be paid from your HSA. 
 
If you choose to close your account when you turn 65, the balance in your account becomes taxable income to you, but there are no penalties.  But, if you choose to keep your account opened and use the funds for HSA-qualified medical expenses, the monies remain tax-free…and this is a good thing!
 
Relax, You’ve Earned It
 
So now that you’ve got all the information you need, go put on your Tony Lamas and a favorite pair of Levi’s, cook some eggs and bacon in your cast iron pan and sit back and enjoy a glass of Ste. Chappelle Chardonnay.  When the moon comes out and the stars are shining, you can climb into your flannel sheets and have sweet dreams knowing that you have made the most educated and mature decision about your healthcare dollars.
Relax
Image courtesy of artur84 at FreeDigitalPhotos.net
 

Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 7/17/2013 10:43:00 PM
Thursday, May 30, 2013
Image courtesy of Stuart Miles at FreeDigitalPhotos.net

You have decided to jump on the consumer-driven healthcare bandwagon.  The choice was quite clear for you as you see the fantastic value in using tax-free dollars to pay for medical expenses for both yourself and your family.  It’s kind of a no-brainer.

What may not be so clear, is who to use as your HSA administrator.

You know you need to open an account, start making deposits and getting the maximum benefits out of your HSA .  You want to be able to trust that your account is being handled properly.  We can help make the choice crystal clear.

Consider the following:

How long has the company, bank, or credit union been handling HSAs? 

American Health Value has been taking care of health savings accounts and their owners since 1996.  We treat our members with respect and call many of them our friends.  Our custodian bank has assets in excess of $3 billion.  This means your money is safe.

How do I access my money?
 
If you are a member with us, your account is opened in your name and you can use a debit card or checks to make purchases.  Your funds are not mingled with other account holders and you have 100% percent control of your money at all times.  If you are looking at an administrator that also does FSAs and/or HRAs, your money may be pooled with other accounts.  Find out what provisions are made to ensure your money is available to you whenever you need it. 
 
With our online banking platform, you have 24/7 access that is simple and secure.  You can also make quick online transfers and deposits, and can take advantage of our free bill pay features!
 
Are my funds insured for my protection?
 
AHV members have the security of FDIC insurance up to the legal maximum.  Accounts are also covered by SIPC insurance.  As an added safety measure, American Health Value carries a separate professional liability policy.
 
What are others saying about the company and service?
 
Personal experience from others is the best indicator of what you can expect when dealing with an HSA Administrator.  Be sure to ask for testimonials!  We are endorsed by carriers, insurance agents, and account holders across the country, and prominently feature these testimonials on our website.
 
Can you talk with someone whenever you want?
 
Call the company you are considering and see if you can actually speak with a real person.  Is there an automated system or phone tree?  How many buttons do you have to push before you speak with someone?  Can they answer all your questions to your satisfaction?  Courteous, knowledgeable and friendly specialists are what you get when you call American Health Value.  Give us a call at 800-914-3248 and see what we mean!
American Health Value
You are someone who looks for value in everything you do, so don’t drop the ball now.  Get the best HSA Administrator out there, and give us a call at American Health Value.  We look forward to hearing from you!

Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 5/30/2013 11:28:00 PM
Friday, June 8, 2012

New HSA Announcement!

Yesterday afternoon we (finally!) launched all of our brand new Health Savings Account Forms at American Health Value, sitewide!  There are hundreds of both new & updated forms for all sorts of different topics:

  • New & Updated Educational Materials
    • Basic to Advanced HSA Information, HSA FAQ's, Employer/Employee "How To" Walkthroughs, etc.
  • New & Updated Marketing Materials
    • Pieces like "HSA vs. Traditional PPO Plans", "The HSA Concept", "Why Use American Health Value", etc.
  • New & Updated Client Forms
    • Deposit Slips, HSA Applications, Rollover Forms, etc.
We took a look back and every single form, and not a one was left untouched.  Some of these forms have just received a new, updated look.  Others however, have been the subjects of a complete overhaul.
 
We've added improvements to everything from functionality, readability & ease-of-use to updated 2012/2013 HSA figures, up-to-the-minute HSA Legislation & online-fillable PDF forms that allow people to type in their information on the form and send it back electronically.
 
QR Codes on American Health Value's HSA Forms
 
 
We've even gone so far as to put QR codes on all our forms that can be printed off & handed out to employees, employers & insurance agents.  This will ensure that if you have a question on one of the forms or any of its content, you'll be able to interact with us immediately (via your smartphone) through our website, phone number and/or social media profiles to get your questions answered on the spot!
 
Below you'll find a nice graphic comparing one of our old forms to the same thing in the newer version, and a couple links to some new forms.  We think it's a huge improvement, what do you guys think?  Let us know in the comment section below!
 
Old HSA Forms vs. New HSA Forms
 
 
Link to our Health Savings Account Deposit Form (shown above)

Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 6/8/2012 5:30:00 PM
Wednesday, February 22, 2012

Don't be alarmed...American Health Value just has a new logo! 

We're officially announcing the new version of our logo, right here on our blog!  Although our old one was near and dear to our hearts, we realized it was time for a change... 
We had been using the same basic logo with minor tweaks here and there over the years, but we wanted to really bring our logo up to date with some significant changes - of course while staying true to where we've been and what our wonderful clients and agents are familiar with.

We contacted Neoreef, a local graphic design/web-development company, and gave them the existing versions of our logo and where we wanted to go with it.  We told them we wanted to take it from the flat 2 dimensional logo we've had in the past and make it really stand out in a 3D kind of way.  Add some shadows, update the font, and add a nice shiny finish.  Wow, did they ever deliver!

Below are some images of our logo evolution over the years, and underneath is our new logo.  What do you think?  Do you like the new version?  Jump over to our Facebook Page and let us know!
 
American Health Value Logo Evolution
 
Here's our new version:
American Health Value Current Logo
We hope you guys like it!  Let us know what you think on Facebook or Twitter!  We look forward to hearing from everyone.

 


Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 2/22/2012 6:34:00 PM
Friday, February 10, 2012

ICMG 2012

Last week we had the opportunity to attend the annual ICMG (Inter-Company Marketing Group) Conference which was held in beautiful Phoenix, AZ.  ICMG has become one of our favorite annual events to attend because it is invite-only, is attended solely by Presidents and CEO's, and creates excellent opportunities to bring more value-added programs and benefits to our account holders. 

American Health Value was the title sponsor for the annual ICMG golf tournament, and this year proceeds went to benefit The First Tee. The First Tee is a 501(c)(3) nonprofit initiative of the World Golf Foundation based in St. Augustine, FL.  The First Tee's mission is to impact lives of young people by providing learning facilities and educational programs that promote character development and life-enhancing values through the game of golf.

You can learn more about
The First Tee by visiting their website, or watching this great video below:


American Health Value CEO Michael Berry with Bill DriscollOne of the highlights of the conference was attending the presentation of keynote speaker Bill Driscoll.  William P. Driscoll is a Former US Navy TOPGUN Aviator and instructor.
 
He served as a member of the US Navy's first and only team of jet-missle Aces, shot down five enemy fighters in combat (Vietnam) and is one of the highest decorated living Naval Flight Officers of the past 50 years.  His major awards include:  The Navy Cross, two Silver Stars, the Purple Heart, ten Air Medals, and a nomination for the Medal of Honor.
 
If any of you ever get the chance to see this man speak, we highly recommend you attend!  He does an incredible job of relating the principles that are required to be a Navy fighter pilot (discipline, focus, intensity, and commitment) to being successful in both your business and personal life.  He is truly a gifted speaker that inspires you to strive for these canons in every facet of your life.
 
When it was all said and done, ICMG was a huge success!  The sold-out golf tournament raised a significant sum to donate to The First Tee, and we made some great new business contacts.  We look forward to working with these businesses in the future to offer our clients additional value-added services and benefits in conjunction with their health savings account.

Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 2/10/2012 5:51:00 PM
Wednesday, December 21, 2011

American Health Value recently had the opportunity to support and attend an annual event that had a great impact on our local community.  The event was a charity auction put on by the Treasure Valley Association of Health Underwriters with the proceeds going to benefit an organization called City Light.

City Light Home for Women

City Light Home for Women and Children was opened in 2000 to serve the needs of Boise's most vulnerable homeless.  They offer free meals and emergency shelter to women and their children, as well as counseling and other assistance as needed.

City Light Home for Women Thank You

For our contribution to the auction, we decided to put together a basket full of items from Williams-Sonoma.  We went out to their store, mentioned what we were doing, and they were more than helpful. 

They informed us that for every $100 gift card purchased, they donate $10 to the St. Jude Children's Research Hospital!  Needless to say, we bought a couple of those and then used them to purchase the items for our auction basket.  Williams-Sonoma even threw in a cutting board for free!
 
Williams-Sonoma Gift Basket for City Light
 
The event was a huge success with several thousand dollars being raised to benefit City Light, and our basket went for a great price!  We had a wonderful time attending, and were more than honored to be able to do what we could to benefit such a worthy cause.
 
Director of Operations Fran Florez at City Light

Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 12/21/2011 6:48:00 PM
Tuesday, November 8, 2011

CAHU Healthcare Summit 2011

For our first blog post, we wanted to take the opportunity to share what an exciting time we had at the CAHU 2011 Health Care Summit in Burbank, CA!  We actually sponsored this event, and had the pleasure of spending time with two close friends and partners:  Jay Fettig, co-founder of the BATTLE System, and Harry Thal, the unofficial Medicare expert of California! 

It didn't take long for both Harry and Jay to get the hang of things and were helping us hand out information on our Health Savings Accounts, Free Healthcare Discount Card Program, and our Agent-Driven Medicare Lead Development System!

 

Rebecca with Harry Thal at CAHU 2011

 During the conference, we actually reached out to a man named Michael Reynolds who had tweeted that he was speaking at the show about the impact of social media!  We told him to stop by our booth and say "Hello" after his speech and sure enough, there he was! 

 
He shot this short video promo for us as a "Thank You" for using social media the way he was discussing in his speech!  Check out the video below with our National Marketing Director Rebecca Messreni and Jay Fettig, co-founder of the B.A.T.T.L.E. System!

 

 

When it was all said and done, we made a lot of new friends and reconnected with a lot of old friends as well.  It was a really positive show, and we are really looking forward to working with all the agents we met in every aspect of their business.  It is always an honor and a pleasure to meet face to face with the people who are truly on the front lines of today's health care landscape!


Subscribe to our blog!
Like what you see?  Subscribe to our blog via email to get the latest updates on HSAs, health insurance, wellness and company news!

Posted by HSA Admin at 11/8/2011 9:21:00 PM
Entries 1-8 of 8
1