Introduction to the Idaho MSA (TVAHU)
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Introducing the New Idaho State MSA From: American Health Value Presented By: Adam Berry Learn how offering the Idaho MSA Program will help you expand your reach, reduce attrition and generate new revenue...all while helping your clients in the process!
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Transcript of Introduction to the Idaho MSA (TVAHU)
Introducing the New Idaho State MSA
From: American Health ValuePresented By: Adam Berry
Learn how offering the Idaho MSA Program will help you expand your reach, reduce attrition and generate new revenue...all while helping
your clients in the process!
Idaho MSA Background:
Around Since Mid 90’s
Yet MSAs Almost Non-Existent
Idaho 1 of Only 3 States
Local Administrator, Local Bank
Build on Our Strengths
Help Idahoans
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
Funding Based on Calendar Year◦ Who can fund, and how?
Retroactive to January 1, 2014
What Can You Spend it On? “Qualified Medical Expenses”
◦ Doctor’s Visits, Co-Pays◦ 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 Your Taxable Income
No Insurance or Age Restrictions
Deposit $10,000 or $20,000
Pay for common healthcare costs
Insurance Premiums, too!
Spender vs. Saver – Works for both.
For many Idahoans, this really is a no-brainer!
What Does That Mean to You?
Use the Idaho MSA’s Flexibility to Grow Your Business
Increase Your Reach & Gain New Business
Generate More Revenue (Through Multiple Avenues)
Be Your Client’s Hero! Reduce Attrition, Gain Referrals
Increase Your ReachUse the MSA’s Flexibility to Reach More People
Something for Everyone You Touch
◦ Cross-Sell your entire book of current business Pick the Low Hanging Fruit
◦ All previous leads you couldn’t service◦ New reason to re-approach lost business◦ Host Public Seminars/Webinars◦ Never an unqualified lead
Foot in the Door to Employers
◦ Works for all employees FT, PT, Seasonal, Medicare
◦ Easily add to any existing benefit structure
Referrals from Happy Clients
◦ Happy clients send referrals, and they stay put!
Reduce Client Attrition
Happy Clients Are the Key to Long-Term Success!
Staying Current or Ahead of the Curve◦ What You’re Paid to Do◦ Offering Tangible Value◦ This Leads to Very Happy Clients
Happy Clients Stay Put◦ Easy Maintenance on Low Hanging Fruit◦ Residual Income
Happy Clients Send Referrals◦ New Business & Growth
Happy Clients Have Strong Dependency◦ Strengthen Those Relationships
If you’re not offering this to your clients, someone else will!
Generate RevenueThe Idaho MSA Offers 3 Ways to Generate Revenue
Maintaining Current Business◦ Proving Worth◦ Offering New Value◦ Reducing Attrition◦ Simple Residual Income
Creating New Business◦ Mine Current Database & Cross-Sell◦ Gaining Quality Referrals◦ Outreach to General Public
We Pay You Commissions!◦ New Revenue Stream◦ We’ll Pay You to Build Your Business◦ Commissions Paid Monthly on New MSAs◦ It’s Also Residual!
You’re Not Losing Money, Either!◦ No Cross-Selling Your Products
How We Can Help:
We Handle The Marketing!◦ Educational Handouts, Infographics & Videos◦ Can Be Branded to Your Agency◦ On-Site Training for Agents/Agencies◦ On-Site Education for Employers/Employees◦ Custom Agent URLs for Commissions◦ Email Campaigns, Seminars, You Name It!
We Do the Heavy Lifting!◦ You Don’t Need to Be An Expert◦ Simply Direct Clients to Our Office
Web, Phone, Email, Chat, Walk-Ins
◦ You’re Not Fielding MSA Calls◦ Always Kept in the Loop
Simple And User-Friendly◦ For You & for Your Clients◦ Resourceful Website◦ No Phone Trees◦ Use Our 18+ Years of Experience
What Are the Next Steps?
Register as an Agent◦ Assign Broker ID◦ Custom URL◦ Welcome Packet
Enrollment Forms Initial Marketing Materials
Promote the MSA◦ Work Together to Pick Methods◦ Design Materials
Email Campaign? Seminar?◦ Get the Word Out!
Grow Each Other’s Business, Together!◦ Agents Are Our Lifeblood
Access to Client Base We Protect Them from Cross-Selling
◦ We Can Help Each Other Grow Providing A Product that Helps Idaho
Thank You for Attending!
From: American Health ValuePresented By: Adam Berry
Contact Me with Questions:
Phone: (208) 331-0676
Email: [email protected]
Website: www.IdahoMSA.com
