Making Health Insurance Investments is an exciting prospect for investors. It allows a great deal of control over the business. And it is a fairly safe investment. Health care is a necessary service in America, and in high demand. Investors get to have a direct say about many of the issues facing health insurance companies. Insurance companies set up their own pay structure to providers thus controlling their expenses. They also control what services are available to consumers. This control is a great asset to the investor since it can directly affect the success of the insurance company.
Consider using your Health Savings Account (HSA) to save for future out-of-pocket costs
If you’re eligible, an HSA lets you set aside pre-tax dollars to pay for HSA also grows tax-free. As long as you use it for qualified medical expenses, you won’t owe taxes on it.Money you save and invest in your
At age 65, you can no longer contribute to your HSA. But you can use any money you’ve saved in it to pay for health care costs (including Medicare premiums) tax-free. After 65, you can also use HSA money for non-medical expenses without a penalty—you’ll just owe ordinary income tax.
You can invest your HSA funds in an interest-bearing account as well.
Interested in receiving a complimentary benefit compliance assessment?
We offer a tool to all brokers that allows you to have a reason for another meeting with a potential client. Our tool will assess your clients current risk score and provide you the important information they are missing. You now have a reason to call again, set up another appointment and win a potential new sale. Just give us a call and we will provide you with your personal login ID and you can run reports free of charge. Email us Support@HRserviceB3PA.com.