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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!
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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.

Jan 19, 2016

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Page 1: 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.

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!

Page 2: 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.

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

Page 3: 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.

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

Page 4: 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.

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!

Page 5: 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.

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!!

Page 6: 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.

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!

Page 7: 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.

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

Page 8: 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.

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??

Page 9: 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.

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!

Page 10: 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.

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

Page 11: 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.

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!

Page 12: 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.

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: