HSA Comprehensive Major Medical Health Insurance

A Health Savings Account (HSA) is a tax deductible savings account that is combined with a high deductible health insurance policy. All our Health Insurance Plans are backed by Blue Cross and Blue Shield of Texas.

Key Features of an HSA Account:

TAX DEDUCTIBLE

HSA's allow you to legally avoid federal income tax by saving 100% of the health plan’s deductible ($2,850 for singles and $ 5,650 for families) in your HSA bank account. There is no minimum deposit. You get a federal income tax deduction for money placed in the account even if you take the standard deduction. The deduction is available to everyone and does not lower any deduction available to you under other retirement options, such as IRA’s, 401K’s and SEPs.

TAX FREE MEDICAL EXPENSES

Even though you have received a tax deduction, the money in your account is yours to spend tax free, as long as you spend it on qualified medical expenses.

Qualified expenses include many things that are not covered by insurance:

Dental expenses including braces.
Mental therapy.
Physical therapy.
Chiropractic services
Vision care.
Alternative medicine.
Nonprescription medicines and supplies.
Discount plan premiums.
Preventative health programs.
Maternity expenses.
Medical transportation and lodging.

The HSA account may be used to pay for treatments for any spouse or dependent even if they are not covered under the insurance policy.

HEALTH CARE SAVINGS

Health Savings Accounts will lower your insurance premiums and save income taxes.

The comparison chart below reflects savings to a family of four.

	Traditional Health Insurance	Typical HSA Plan
	Individual $500 deductible Coinsurance 100%	Family $5,650 deductible Coinsurance 80%
Premium	$10,608	$4,896
Your share expenses ($2500 claim)	$1,225	$2,500
Non-covered expenses (dental, eyewear, over counter)	$750	$750
Expense Subtotal	$12,583	$8,146
Federal Tax Savings*	$0	$1,582
Net Expenses	$12,583	$6,564
Annual Savings		$6,019

THESE ARE SAMPLE RATES.  ACTUAL RATES MAY BE HIGHER OR LOWER. 
CALL ONE OF OUR AGENTS FOR A  QUOTE AT 877-937-9001

* Rate may vary.

LONG TERM SAVINGS

HSA's encourage people to stay healthy. Any money in the HSA savings account that is not used to pay medical expenses is yours to keep. The money remains in the account and earns interest free from federal taxes. Any money spent on medical expenses is tax free. If you withdraw funds for non-medical expenses you have to pay taxes on the money withdrawn. If you withdraw money before the age of 65 you also have to pay a 10% penalty.

Because all of the money deposited in your account grows tax-deferred the investment opportunity is tremendous. Investments can be placed in savings accounts, stocks, bonds or mutual funds. If you regularly fund your HSA, and do not use a lot of medical care, a substantial amount of wealth can build in your account. A family that contributes the maximum for thirty years and has average medical expenses of $ 1,000 per year would accumulate $ 288,837 in there account assuming a 4% annual return.

IMPACT OF HSA's

HSA's put market competition back in the healthcare arena. Healthcare costs have soared in the modern era of first dollar health insurance. People who buy medical services using their personal HSA funds shop around for the best value for their dollars. This will force healthcare providers to offer competitive rates to attract patients. In other words, doctors and hospitals will shift their focus from serving insurance companies back to serving their patients.

Monthly Cost of Plan:*

Age	Member	+ Spouse	Family
18-24	$80	$140	$260
25-29	$80	$165	$260
30-34	$90	$180	$280
35-39	$100	$200	$300
40-44	$115	$235	$330
45-49	$140	$270	$390
50-54	$165	$320	$415
55-59	$215	$385	$485
60-64	$275	$460	$555

*This illustration is subject to Blue Cross and Blue Shield of texas underwriting and approval and does not guarantee rates, coverage, or effective date. In addition, Blue Cross and Blue Shield of Texas reserves the right to change rates from time to time.

Like to learn more about HSA's and receive a quote? CLICK HERE.

Blue Cross Blue Shield of Texas serves more than 4 million members in all 254 counties in Texas.

These rates are sample rates for Blue Cross and Blue Shield of Texas.  Rates may vary based upon underwritting criteria.   Residents of other states will be given quotes based on the rates in use by the Blue Cross and Blue Shield Plans in effect for their respective states.

As of October 1, 2007, Blue Cross Blue Shield will not only require the $30.00 non-refundable application fee, they will also require the first month premium be paid at the time of the application. Sould underwriting decide approved coverage at a higher premium, the difference from the original quote and the new premium amount, will be billed to the customer at a later date.

Blue Cross and Blue Shield of Texas, a Division of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association

LEGAL INFORMATION

Please be reminded that Health Savings Accounts (HSA’s) have tax and legal ramifications. Travelers Wellness Plan, Blue Cross and Blue Shield of Texas does not provide legal or tax advice, and nothing herin should be construed as legal or tax advice. These materials, website details, and any tax-related statements in them, are not intended or written to be used, and cannot be used or relied on, for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials. You should seek advice based on your particular circumstances from an independent tax advisor regarding the tax consequences of specific health insurance plans or products.

Legal and Licensing

Travelers Wellness is a service mark of Travelers Medical Wellness Plan LLC. (hereinafter Travelers) Other service names or marks on this site are service marks of Travelers, except for those of insurance carriers, brokers, agents, industry organizations and service providers, which are service marks of their respective entities. The names, trademarks, service marks and logos of Travelers and any of the insurance companies represented by Travelers may not be used in any way including, but not limited to advertising, publicity, or otherwise to indicate Traveler’s sponsorship of or affiliation with any product or service, without Traveler’s prior express written permission. The content presented on tmctotalcare.com is that of Travelers, and not necessarily that of the participating insurance carriers. The information presented by an insurance carrier, broker, agents, industry organizations and service providers, is solely that of the entity providing the information.

Travelers make no recommendation and provides no endorsement with regard to which specific health insurance product to buy. Travelers do not provide advice on which insurer to select. Notwithstanding any language to the contrary, nothing contained on tmctotalcare.com constitutes or is intended to constitute an offer, inducement, promise, or contract of any kind. The data contained on tmctotalcare.com is for informational purposes only and is not represented to be free of error. The information presented on the Web Site could include inaccuracies and or typographical errors. As such, Travelers does not accept any responsibility or liability for any actions taken as a result of using this information. In no event will Travelers, its agents or employees, be liable for any damages, losses or other expenses arising in connection with this Web Site or use or inability to use the Site by any party, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure. Any links to other web sites are provided as a courtesy and are not a referral to or endorsement of the linked web sites. Travelers make no representation as to the accuracy of any information or content on such linked web sites.

DO NOT CANCEL ANY EXISTING INSURANCE UNTIL YOU RECEIVE WRITTEN CONFIRMATION FROM THE INSURANCE COMPANY TO WHICH YOU ARE APPLYING THAT YOUR NEW POLICY IS IN EFFECT.

Frank Harrison as a Principal for Travelers Medical Wellness Plan, LLC is a licensed insurance broker in the states listed below. Nothing in this website is intended to be a solicitation, offer, inducement, promise, or contract in any state in which Travelers Medical Wellness Plan, LLC is not currently licensed.

STATES

Colorado
Georgia
Louisiana
Maryland
Michigan
New Mexico
Ohio
Oklahoma
Texas
Washington

Enjoy Tremendous Savings and Services with our Affordable Heathcare Packages

Travelers Wellness Plans

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