Introducing the New Idaho State MSA From: American Health Value Presented By: Adam Berry Learn how the Idaho MSA Program will help you save money on healthcare, reduce your Idaho taxable income & help you plan for your future!
Jan 19, 2016
Introducing the New Idaho State MSA
From: American Health ValuePresented By: Adam Berry
Learn how the Idaho MSA Program will help you save money on healthcare, reduce your Idaho taxable income &
help you plan for your future!
AHV Company Background
National HSA Administrator
Founded in 1996
Privately Held
Located in Boise, ID
HSA Clients in 49 States
Historically, Focused Solely on HSAs◦ No COBRA, FSA, HRA, Insurance or Banking
PPACA Prompted Investigations into Idaho MSA Program
Idaho MSA Background:
Around Since Mid 1990’s◦ They Have Longevity…
Idaho 1 of Only 3 States◦ Setting National Precedent…◦ Incredibly Flexible, For Everyone…
Yet, MSAs Almost Non-Existent◦ Sitting around collecting dust◦ Nobody knows about them◦ Why is that?
House Bill 595◦ Made them relevant again◦ Now a viable option to help people, if done properly
Introducing the New “Idaho MSA”
“Idaho MSA” is a Collaboration◦ Local Administrator, Local Bank◦ American Health Value & IIB
Built on Each Company’s Strengths◦ AHVs Strengths:
Benefit administration, customer service, education& consulting
◦ IIB’s Strengths: Statewide branches, local familiarity, banking services
Main Purpose to Help Idahoans◦ Provide quality guidance, assistance, compliance & banking
Main Goal to Help People Understand & Maximize Their Medical Savings Account!
What is an Idaho MSA?
Special Savings Account with Tax Benefits◦ Set Money Aside Tax-Free for Healthcare◦ Reduces Taxable Income Dollar for Dollar
Triple Tax Advantage◦ Tax-Free Going In (reduces taxable income)◦ Earns Tax Free Interest While it Sits◦ Spent Tax-Free Going Out
Money Rolls Over Towards Retirement◦ No Use it or Lose it◦ Pull it Out at 59.5 as Retirement Income◦ Or Continue Paying Qualified Expenses
That may look familiar…This is where it gets interesting!!
Who Can Have An MSA? Almost Anybody!
No Insurance Requirements!◦ HDHP, PPO, Medicare, Uninsured
No Employment Requirements!◦ FT, PT, Medicare, Seasonal◦ Even the Unemployed
No Age Restrictions!◦ Even Medicare Enrollees Qualify
Veterans, too!◦ No exclusions for VA Benefits or Tricare
Truly Designed to Help Everyone!
How Much Can You Put In? Quite A Bit!
Single Filing Status:◦ Up to $10,000
Joint Filing Status:◦ Up to $20,000
House Bill 595◦ March 28th, 2014◦ Increased limits from $2k & $4k
Funding Based on Calendar Year◦ Fund a little, or a lot – Up to you
Unspent Funds Roll Over Each Year, Building A Nest Egg◦ Use like an IRA & pull money out for retirement◦ Or leave in & spend on inevitable medical expenses
What Can You Spend it On? “Qualified Medical Expenses”
◦ Doctor’s Visits, Co-Pays & Prescriptions◦ Hospital Bills, Dental & Vision◦ Band-Aids, Chiropractor◦ Even Insurance Premiums!
Yes, You Can Pay Premiums!◦ Health Insurance Premiums◦ Medicare Premiums◦ LTC Premiums, too!
Debit Card & Checks◦ No Claim Submission, Keep Receipts◦ Pay at Point of Service, or Reimburse
If You’re Paying Your Own Premiums…Why Wouldn’t You Open One??
To Sum It All Up…
Savings Account for Healthcare
Reduces State Taxable Income
No Insurance or Age Restrictions
Deposit $10,000 or $20,000
Pay for common healthcare costs
Insurance Premiums, too!
Spender or Saver – Works for both.
For many Idahoans, this really is a no-brainer!
We Are Your MSA Resource! Education Is Key!
◦ Handouts, Infographics & Videos◦ On-Site Education for Employers/Employees◦ Help Everyone Understand Their Benefit!
Questions? We’ve Got Answers!◦ You Don’t Need to Be An Expert◦ Simply Contact Our Office
Web, Phone, Email, Chat, Walk In◦ We’ll Handle Everything For You
Simple And User-Friendly!◦ Resourceful & Intuitive Website◦ Easy-to-Access Forms & Deposits◦ No Phone Trees◦ Use Our 18+ Years of Experience
Healthcare Discount Program
Totally Free for Our Members
Save up to 65% on:◦ Prescriptions◦ Dental Costs◦ Vision Care◦ Doctor’s Visits◦ Medical Lab Testing◦ + 5 more programs!
Excellent Statewide Coverage
Take Advantage of this Discount Card& Maximize Your Healthcare Savings!
Open Your Idaho MSA Today!
From: American Health ValuePresented By: Adam Berry
• Phone: (208) 331-0676
• Email: [email protected]
• Website: www.IdahoMSA.com
All Questions & Concerns: