Health Savings Insurance Provides Access To The Uninsured

Posted by IQ HSA on March 1, 2010 · Leave a Comment

HSA health plans are playing a role to help provide access to the uninsured, promote preventive health services and show individuals and families where their hard-earned money is going in the health care system.

HSA premiums have been growing at a slower rate than traditional insurance premiums.
HSAs offer the advantage of portability – if you change jobs or your employment status changes, you keep the money in your HSA and continue using it to pay for your health care.
Most HSA plans provide incentives for you to stay engaged in your overall health and well-being and almost all HSA plans offer first-dollar coverage for preventive services.
HSA health plans play a vital role in providing health care coverage to millions of Americans who might otherwise be uninsured. A study by America’s Health Insurance Plans found that 27 percent of those buying HSA health plans in the individual market previously did not have health insurance.
Health savings accounts encourage individuals to take a more active role in determining how they receive health care by choosing how to spend their health care dollars. When health care decisions are made by patients based on quality, effectiveness, and cost, money is being spent more efficiently.

The people we work with are saving an average of $2,208/year on their health insurance premiums without sacrificing benefits. You owe it to yourself to find out how a HSA can benefit you. Contact us today at 602-510-7507 or info@iqhsa.com

IQ Financial Group, llc. is a licensed insurance agency in the state of Arizona. We offer a complete selection of health insurance, term life insurance, disability insurance, long term care insurance and supplement plans to individuals, families, self-employed and small businesses throughout Arizona. We offer the best in Arizona Health Insurance.
© IQ Financial Group, llc.

Filed under Health insurance made simple · Tagged with America, arizona health insurance, contribution, health insurance, health insurance savings, health savings account, health savings insurance, HSA, insurance premium, premium savings, preventive health services, uninsured

Two Steps To More Affordable Health Insurance

Posted by IQ HSA on October 31, 2009 · Leave a Comment

There’s no need to wait around on Uncle Sam-he can’t help you anyway. Only you know what’s best for you and your family.

Read entire article by Dave Ramsey.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

Filed under Featured Posts, Health Care Reform · Tagged with affordable, Arizona, Cheap Health Insurance For Students, contribution, dave ramsey, dave ramsey show, employee benefits, health care cost, health insurance, health savings account, health-care, healthcare, HSA, Individual Health Insurance, Insurance carrier, insurance premium, limits, low cost, Major medical, Medical Savings Account, Private, Self employed, single payor, value

HSA Tool For Employers And Their Employees

Posted by IQ HSA on October 20, 2009 · Leave a Comment

STREETWISE HSA is a great tool for employers and their employees to maximize the benefits of Health Savings Accounts (HSA). Click on the logo above and check out all of the tools and information available.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

Filed under Manage Your Health - Consumer Tools · Tagged with affordable, Arizona, catch up, claims, consumer, contribution, employee benefits, health care cost, health insurance, health savings account, health-care, healthcare, HSA, Insurance carrier, insurance premium, limits, low cost, Major medical, Medical Savings Account, prevention, rate increase, Self employed, value, wellness, work

Traditional PPO Plan Compared To HSA PPO Plan

Posted by IQ HSA on September 25, 2009 · Leave a Comment

The following comparison was done for a family of four who was currently covered by a traditional PPO plan with Blue Cross Blue Shield of Arizona.

Blue Cross PPO plan
$2500 individual deductible
80/20% coinsurance
With this plan your family could have a maximum out of pocket of $17,000 not including any copays you incurred during the same year ($2500 deductible x 2/family members=$5000; 20% coinsurance with an individual maximum of $3000/member x 4 family members=$12000). Obviously this would be a worst case scenario if all of you maxed out the benefits in the same year.

United HealthOne/Golden Rule HSA 100 Plan
$5000 family deductible
100% coinsurance
With this plan your family could have a maximum out of pocket of $5,000 total because all of your expenses during the year count towards meeting your family deductible ($5000 family deductible=$5000; 100% coinsurance after that means your maximum out of pocket for the year cannot exceed the $5000 family deductible). With this plan the deductible can be met by one member of the family or by any combination of family members with claims totaling $5000.

As you can see from an out of pocket stand point there is no comparison between a traditional PPO plan with copays and an HSA plan. The next thing to compare would be the premium. Current plan with Blue Cross the premium is $850/month. The above HSA plan premium for your family would be $433/month saving you $417/month ($5004/year) of which you could contribute all or a part of to a health savings account to use for your out of pocket expenses.

In this example if you deposited all of the premium savings to a HSA you would have enough in the first year to cover your total out of pocket exposure on the HSA 100 plan.

In summary by making this change you would be reducing the out of pocket exposure by several thousand dollars per year ($12,000) and using the same dollars you are currently spending on premiums to not only pay premiums but also pay your out of pocket expenses for several years to come.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

Filed under Health insurance made simple, Premium Rate Increases · Tagged with affordable, Blue Cross Blue Shield, Chandler, claims, Gilbert, Glendale, Golden Rule Insurance Company, health, health care cost, health insurance, health savings account, health-care, healthcare, HSA, Insurance carrier, insurance premium, low cost, Mesa, Peoria, Phoenix, rate increase, Tempe, Tucson, United Healthcare, United HealthOne, value

Arizona Department Of Economic Security (DES)

Posted by IQ HSA on September 22, 2009 · Leave a Comment

The Arizona Department of Economic Security (DES) in coordination with Arizona Health Care Cost Containment System (AHCCCS) offers several programs to assist individuals and families in Arizona with their healthcare needs. Click to be directed to AZDES.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

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Arizona Department Of Insurance

Posted by IQ HSA on September 22, 2009 · Leave a Comment

The mission of the Arizona Department of Insurance is to faithfully execute the state insurance laws in a manner that protects insurance consumers and encourages economic development. Click to be directed to AZDOI.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

Filed under Arizona Health Resources · Tagged with Aetna, affordable, AHCCCS, Arizona, Assurant, Blue Cross Blue Shield, Chandler, Cigna, claims, consumer, containment, department, Gilbert, Glendale, Golden Rule Insurance Company, health, health care cost, health insurance, health savings account, health-care, healthcare, Healthnet of Arizona, HSA, Humana, information, insurance, Insurance carrier, insurance premium, low cost, Major medical, Medical Savings Account, Medicare, Mesa, Peoria, Phoenix, rate increase, reform, Self employed, system, Tempe, Tucson, United Healthcare, value

Arizona Health Care Cost Containment System (AHCCCS)

Posted by IQ HSA on September 22, 2009 · Leave a Comment

Arizona Health Care Cost Containment System (AHCCCS) is Arizona’s Medicaid agency that offers health care programs to serve Arizona residents. Individuals must meet certain income and other requirements to obtain services. Click here for more information about AHCCCS.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

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WebMD Better Information. Better Health.

Posted by IQ HSA on September 18, 2009 · Leave a Comment

WebMD provides valuable health information, tools for managing your health, and support to those who seek information. Click here to begin accessing information.

Get quotes for individual/family health insurance in Arizona here. Contact us today at 602-510-7507 to find out how an HSA can benefit you.

Filed under Manage Your Health - Consumer Tools · Tagged with affordable, Arizona, claims, consumer, government healthcare, health, health care cost, health insurance, health savings account, health-care, healthcare, HSA, information, insurance premium, low cost, Medicare, Phoenix, prevention, rate increase, reform, single payor, Tucson, value, Webmd, wellness