The Idaho MSA for Individuals & Employees
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Transcript of The Idaho MSA for Individuals & Employees
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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!
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Idaho MSA Background:
Around Since Mid 1990’s
Yet MSAs Almost Non-Existent◦ Sitting around collecting dust◦ Nobody knows about them
Idaho 1 of Only 3 States◦ Utah & Montana are other 2
“Idaho MSA” is a Collaboration◦ Local Administrator, Local Bank◦ American Health Value & IIB
Built on Each Company’s Strengths◦ AHV’s is benefit administration & consulting◦ IIB’s is banking & statewide branches
Main Goal to Help Idahoans
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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!!
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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!
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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
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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??
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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!
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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!
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Open Your Idaho MSA Today!
From: American Health ValuePresented By: Adam Berry
Contact Me forQuestions & Enrollments:
Phone: (208) 331-0676
Email: [email protected]
Website: www.IdahoMSA.com