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will customize a benefits package to meet your needs and budget to help offset the rising cost of healthcare.
We assist you to make the best choice for your family from hundreds of health insurance plans that we offer. We take
the guess work out to offer you a solid plan you can count on. Get a free health insurance
quote with major carriers. Compare quotes for individual health insurance. We serve Dallas, Coppell, Flower Mound, Valley
Ranch and throughout all of Texas. Let the experienced insurance specialist go to work for you! Begin the
process by email or calling 469-293-7080.
Treasury Announces 2008 HSA Contribution Levels
The U.S. Treasury recently announced
new Health Savings Accounts (HSA) contribution levels. For calendar year 2008, the limitation on deductions for an individual
with single coverage under a high deductible health plan is $2,900. For calendar year 2008, the limitation on deductions for
family coverage under a high deductible health plan is $5,800. For calendar year 2008, a “high
deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,100 for single
coverage or $2,200 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts,
but not premiums) do not exceed $5,600 for single coverage or $11,200 for family coverage.
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A Health Savings Account must have a specific
High Deductible Health Plan
before the HSA is allowed to be set up What is an HSA?
A health savings account (HSA) is a tax-favored savings account created for the purpose of paying medical expenses.
... Tax-deductible- Contributions to the HSA are 100% deductible (up to the legal limit) — just like an IRA.
... Tax-free- Withdrawals to pay qualified medical expenses are never taxed.
... Tax-deferred- Interest earnings accumulate
tax-deferred, and if used to pay qualified medical expenses, are tax-free.
...HSA money is yours to keep- Unlike a Flexible
Spending Account, unused money in your HSA isn’t forfeited at the end of the year; it continues to grow, tax-deferred. How does an HSA plan work?
An HSA works in conjunction with high deductible health insurance.
Your HSA money can be used to help pay the health insurance deductible and qualified medical expenses not covered by the health
insurance, including dental and vision. Any funds you withdraw for non-qualified medical expenses will be taxed at your
income tax rate plus 10% tax penalty. If you meet the deductible with covered expenses, the health insurance pays remaining
covered expenses in accordance with the terms and conditions of your particular plan. What is
a qualified medical expense?*
A qualified medical expense is one for medical care as defined by Internal
Revenue Code Section 213(d). The expenses must be primarily to alleviate or prevent a physical or mental defect or illness,
including dental and vision. Most expenses for medical care will fall under IRC Section 213(d). HSA money cannot generally
be used for insurance premiums. See Publication for exceptions.
*See IRS Publication 502 (“Medical and Dental Expenses”) and IRS Publication 969 (“Health Savings Accounts and Other Tax-Favored Health Plans”) for more information.
For more detailed
information on changes in HSA law, visit the IRS website and talk with your tax advisor.
This site is presented as general information, and not as an advertisement of,
or solicitation for any health insurance product. Precise HSA tax effects depend on federal law. We recommend that you see
your tax advisor for specific tax advice. Look here for additional HSA information.
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Six million Americans are covered by Health Savings Accounts today and the U.S.
Treasury Department predicts the number will soar to 25-30 million by 2010.
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Membership required for Golden Rule health insurance customers: FACT- The Federation of American Consumers and Travelers (FACT) was formed as a not-for-profit corporation
more than 24 years ago. The association currently serves more than 1,000,000 value-conscious Americans in all 50 states.
FACT is an independent consumer association whose members benefit from the "pooling" of resources.
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Affordable Plans
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You can get a free, no-obligation quote for personal health insurance in about
5 minutes. If you like the quote, you can apply online today!
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CRITICAL ILLNESS INSURANCE
DENTAL INSURANCE
(insurance
and discount)
DISABILITY INSURANCE
(short and long term)
DISCOUNT PLANS
(dental,
Rx, vision, accident maternity, & more)
GROUP INSURANCE
(health, life, dental & disability)
HEALTH
(individual/family with optional maternity, student, self-employed, senior & group)
LIFE INSURANCE
(term, whole and universal)
LONG TERM CARE INSURANCE
SENIOR
INSURANCE
(health, prescription, dental and vision)
TRAVEL HEALTH INSURANCE
(worldwide
for U.S. residents and non- U.S. residents)
VOLUNTARY
worksite products for employees
(cancer,
accident, heart attack, paid by employees)
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for you!
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Health insurance purchasing tips: BUY FROM GOOD COMPANIES!
See what the Texas Department of Insurance has to say about the company you are considering. Are they financially strong and stable? How are they rated?
WHAT PROVIDERS ARE COVERED
If it is important to keep your doctors, then it is vital
to see if they are on the plan you are considering. Research your doctors as well as hospitals and facilities that are close to you.
FIND OUT WHAT IS COVERED
How are things such as pre-existing conditions, emergency care, OB GYN coverage, preventative screenings, and prescriptions
covered? Find out what services are covered (read the summary/outline of coverage).
FIND OUT WHAT IS NOT COVERED
Insurance
companies publish Exclusions and Limitations in their brochure, summary of coverage and policy for you to determine what services are not covered by your health plan.
DOES IT ALL ADD UP
Not only do you have an ongoing monthly premium, but you also are responsible for
the deductibles, co-pays and out of pocket maximums (OOPM).
DO YOUR HOMEWORK!
Review the
application for the plan you are interested in to see what the health questions are. If you have medical issues and/or
are on medication, you can request an underwriting opinion before you apply. Read, ask questions - KNOW what you are buying! Take the time it deserves to research this very important product.
We provide affordable individual health quotes with major carriers so that you can compare quotes for individual health insurance.
Free quotes and save today.
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Did you realize there are over 45 million un-insured Americans? Over 15 million un-insured
have average annual income of over $50,000 per year!
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Insurance Terms: - Co-insurance - The percent of each
health care bill you must pay out of your own pocket. Non-covered charges and deductibles are in addition to this amount.
(The amount you may be required to pay for services after you pay any plan deductibles. Coinsurance percentages add up to
100 percent. Example: If your plan pays 80 percent coinsurance, you pay the remaining 20 percent).
- Copayment
- A specified dollar amount that a member must pay out-of-pocket for a specified service at the time the service
is rendered.
- Deductible - The amount the insured must pay on a claim before any payment is
due from the insurance company.
- Free Examination Period - Also known as "10-day free look"
or "Free Look," it is the time period after a insurance policy is delivered during which the policy owner may
review it and return it to the company for a full refund of the initial premium.
Preferred Provider
Organization (PPO) - Hospital, physician, or other provider of health care which an insurer recommends to an insured.
A PPO allows insurance companies to negotiate directly with hospitals and physicians for health services at a lower price
than would be normally charged. - Underwriting - The process an insurance company uses to decide
whether to accept or reject an application for a policy.
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