HEALTH SAVINGS ACCOUNTS (HSA

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" bgproperties="fixed" background="039285a1erlcgo.png"> <div> <FONT SIZE="5" COLOR="#FFCC66" FACE="Arial" ><B>LIFE, DISABILITY, MEDICAL, MEDIGAP, DENTAL, LTCI and ANNUITIES </B></FONT><B>     |     </B><A HREF="index.htm" TARGET="_top" TITLE="LIFE, DISABILITY, MEDICAL, MEDIGAP, DENT"><U><B>home</B></U></A></div> <div>                                                   </div> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FFCC66" TEXT="#080000" background="038d2c00dkelyh.png"> <div> <B>W. Forrest Veal, CLU</B></div> <div> <B>Veal Benefit Services Inc.</B></div> <div> <B>P. O. Box 700222</B></div> <div> <B>Dallas, TX 75370</B></div> <div> <B>Tel. 972 250 6516</B></div> <div> <B>Fax 1-775-542-0808</B></div> <div> <B>E-mail vbsinsurance@juno.com</B></div> <bR> <div> <A HREF="https://secure.hsabank.com/enrollment?ain=003097" TARGET="_top" TITLE="https://secure.hsabank.com/enrollment?ai"><U><B>"ONLINE ENROLLMENT"</B></U></A></div> <bR> </td> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I><B>HEALTH SAVINGS ACCOUNTS (HSA</B></I><I><B>s)</B></I></div> <div> <I>If you need a High Deductible Health Plan (HDHP) qualifying you for a Health Savings Account (HSA), you will find several insurance companies by clicking </I><A HREF="id12.htm" TARGET="_top" TITLE="INDIVIDUAL MEDICAL INSURANCE and Health "><U><I><B>HERE </B></I></U></A><I>were you can obtain your on personalized quote plus review video and other information provided by some of the insurance companies. After obtaining your quote or quotes and selecting a company,  note that several offer online enrollment and even access to your policy and ID card. Only one of of the companies, Assurant "TIME" offers optional "permitted insurance" that pays first dollar Accident Medical benefits to help offset the impact of your deductible and save your HSA dollars. They are an excellent insurance company and have a good selection of plans available. </I></div> <div> <I><B>HSA BANKS ONLINE ENROLLMENT</B></I></div> <div> HSA Bank, a division of Webster Bank, N. A. now provides an easy, convenient way to enroll for your health savings account. Having your HSA account set up on the same date as the effective date of your high deductible health plan is important because of an IRS Ruling. The ruling provides that eligible medical expenses incurred under your high deductible health plan but before you have set up your HSA account are not reimbursable expenses. A person that delays setting up their HSA account exposes themselves to accidents and medical emergencies that they would have to pay without reimbursement from their HSA account. It is not necessary to have your account fully funded but it must be established. The HSA Bank online enrollment provides for immediate establishment of your HSA account, just as soon as you know the effective date of your eligible high deductible health plan (HDHP).</div> <bR> <div> At the online enrollment link shown on the left side, you will find information to review the account fees charged by HSA Bank. There are advantages to having your HSA Administrator separate from your HDHP insurance company in case you would like to change either one to a separate company at some point in the future.</div> <bR> <div> Other considerations and recommendations about your HSA account are:</div> <bR> <div> 1) As soon as you can, you should deposit $500 or more and also maintain this minimum in your account to qualify for interest earnings and avoid a monthly fee.</div> <div> 2) Wait until you have an amount in your account equal to your deductible before considering an investment brokerage account.</div> <div> 3) Purchase 50 checks to use to reimburse yourself for documented medical expenses and limit reimbursement to no more than quarterly or less frequently.</div> <div> 4) Do not use the Debit Card until after you have substantial funds in your account (to avoid overdraft charges) and only use it when you know you are paying PPO discounted fees. Negotiate with your medical provider to pay only a copay or small percentage of your bill and have them bill you when they are not giving you the benefit of the PPO discounts they have agreed too. The insurance company or claims administrator will include the discounted fees in your explanation of benefits sent to you after the claim is processed. If you pay non-discounted charges, you will find it difficult to return overpayments to your HSA account and may have to except refunds as taxable income.    </div> </td> </tr></table></body>