HAHN AGENCY, INC.HAHN AGENCY, INC.
Medical Savings Accounts (MSA)
| Great News!!!! Congress has extended the availability of MSAs for another two years effective 12/31/00. Remember, the Federal Government will not "revoke" this account once you have it. |
Complete information on the most significant tax break for self employed individuals since the introduction of Individual Retirement Accounts:
| Who is eligible for this tax break? | Self Employed Individuals. |
| Qualified Corporations (2-50 Employees). |
For a Medical Savings Account plan to work, you need
the following:
| 1. A Medical Savings Account. (MSA). |
| 2. MSA Qualified Health Insurance policy. |
MSAs are tax exempt bank accounts that are owned by you and managed by a financial institution. MSAs are worthless unless you have a QUALIFIED health plan. You cannot utilize the tax benefit of an MSA until the qualified health plan is in place. The qualified health insurance policy can be completely independent of the MSA. This is recommended, (See the RIGHT WAY to set up an MSA).
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The information regarding Medical Savings Accounts and the Qualified Health Insurance Plan that makes it work is broken down as follows:
| Medical Savings Account Information | All the facts you need on how MSAs work along with frequently asked questions. |
| MSA Qualified Health Plan | An explanation of the unique deductible structure of the MSA qualified Major Medical Policy. |
| List of Qualified Medical Expenses | MSA funds can be used for all of the expenses listed on this page. |
| Cost Comparison | An example comparing the costs and savings between a traditional major medical policy and an MSA qualified plan. Identical families; $2,865.65 cost difference! |
| The RIGHT WAY to set up an MSA program | How to maximize your savings and minimize your insurance costs. |
| How Much Can YOU Save? | Request a quotation tailored to you and your family. |
The information listed above does tie in with information provided under the Major Medical portion of this Web site. Relevant pages are:
Definitions and Common Terms/Coverage Provided by Major Medical Policies
