People who purchase their own health insurance face many challenges in 2014.
Fort Collins, CO (PRWEB) July 08, 2013
HSA for America is hosting a new Health Care Reform webinar on July 9 at 7 pm EST. Long-time health savings account expert Fred Adams will answer live questions about how leading private health insurance companies are conforming existing policies to comply with health-care reform. Free registration is available to the public at http://www.HSAforAmerica.com/teleseminar.htm.
People who purchase their own health insurance face many challenges in 2014. They must have a government approved plan, or pay a tax penalty. Many people will not be able to keep what they have, and will have to convert to a new plan next year. Many people will be facing significant rate increases, and some will qualify for government subsidies to help them pay for coverage.
After a brief overview, callers will be able to talk live with Adams about specific coverage questions. Participants will also receive a complementary bonus report titled “6 Smart Strategies to Keep Your Health Insurance Premiums Low.”
One key strategy involves health savings accounts. With one of these accounts, taxpayers are exempt from the requirement that they spend at least 10 percent of annual income on medical costs in order to claim a tax deduction. Many expenses that are not covered by insurance, from dental care to the cost of “alternative medicine,” can be used to reduce taxable income.
People may also claim a deduction for health savings account deposits not needed for health care expenses. Those funds can double as a retirement account because they earn untaxed interest or dividends like traditional retirement accounts.
This year, individuals under age 55 may shelter $3,250 from taxes, and families may shelter $6,450. Those who are at least 55, may shelter an extra $1,000.
Webinar participants must register to reserve their space, and may join the webinar online or via telephone. HSA for America receives regular updates from the leading health insurance companies regarding changes to existing coverage and what new options will provide. The webinar is a chance to clarify what’s happening to health insurance next year and what types of coverage will be available in October.
About HSA for America:
As the nation's leading independent HSA expert, HSA for America has earned a reputation for providing superior educational resources for individuals, families and small businesses. With its comprehensive website, the public can evaluate health insurance plans that allow them to establish an HSA.
People may access HSA for America’s instant quote engine and online applications at http://www.HSAforAmerica.com/ or request individualized assistance. Confidential consultations regarding HSA plans and Health Reimbursement Arrangements may be arranged by calling 1-866-749-2039 from 9 AM through 11 PM Eastern.
Guidelines for selecting an HSA administrator based on fees and investment options are also available at http://www.HSAforAmerica.com/admins.htm.