Small Biz Herald Magazine - Issue V-7469

 

Small Biz Herald Magazine COVER Page
FULL PAGE ADVERTISERS
How YOU Can Advertise
In This Magazine




Benefits Of A Health Savings Account

The health savings account is a relatively new tax-savings vehicle, but it's one that makes a whole lot of sense. Learning to navigate this new option and understanding its benefits really can help people save a ton of money when unexpected medical expenses arrive.

Health savings account plans tend to come in two basic forms - employer sponsored and self-purchased. Since the rules for employer-sponsored plans might differ from business to business, we'll focus in on ones people who buy their own individual health insurance policies might benefit from.

In a nutshell, these savings plans allow people to save money on a tax-free basis for qualified medial expenses and future retirement medical expenses. To qualify, people must be on High Deductible Health Plans, which means they pay at least $1,000 in deductible for self-only coverage. Most insurance companies will now let customers know when a plan they choose makes this option available to them.

The benefits of the health savings account are many. They include:

* Money in a health savings account is owned by the person who opens it. How to spend that money is entirely up to the person, but if it goes on non-qualified medical expenses, the tax benefit will be lost.

* The money "rolls over." Whereas some employer-sponsored and supported health savings account set ups don't allow for roll over from year to year, a self-opened account does. The money put into the account is income tax-free unless it is used for ineligible expenses.

* Helps people save up for expenses faster. Since income tax won't come into play with these accounts, the money saved can help add up to a better accumulation of cash if and when it's really needed.

* Easy to open. Most banks, credit unions, insurance companies with high deductible plans and so on will help people set up their own health savings account plans. The only requirement is the right kind of medical insurance policy. It should cost nothing to open one of these plans.

* Easy to use. Most HSAs come with a debit type card that can be used to pay for qualified medical expenses.

These plans are a little tricky to understand as far as all the minute details of what is an allowable expense and what isn't. The federal government offers highly detailed information on qualified expenses, but there are some generalizations that can be made. The types of things typically included in the qualified list are:

* Insurance premiums. This is allowed for the payment of COBRA insurance and for those who are unemployed.

* Co-payments. Some times co-payment amounts can be charged to the health savings account.

* Prescription medications. These are generally considered eligible expenses as are over-the-counter medications and medical supplies.

* Dental and vision care. In most cases, expenses associated with non-cosmetic dental and vision care are considered fair game.

A health savings account can be a great way to bank up money to pay for medical expenses without having to feel the bite of income tax. As long as the money used in these accounts is spent on qualified medical expenses, the savings extends after use, as well.




 

Small Biz Herald Magazine
FULL PAGE ADVERTISERS

._0-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-D-WOOD.pdf
0-J-FANCY.pdf
0-JCPatton.pdf
0-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
00-DALTON-BLUETOOTH INNOVATIONS.pdf
00-DALTON-WANTED POSTCARD MAILERS.pdf
00-G-MARTIN.pdf
00-J-HURLEY-2.pdf
00-J-OWENS.pdf
00-JJ-GARNER.pdf
00-R-Peterson.pdf
00-Wrightsco-com.pdf
00-d-balderstone.pdf
00-d-nicholls.pdf
00-m-bugarini.pdf
00-m-derrick.pdf
00-r-vandergrift.pdf
00-s-frescas.pdf
00-w-powell.pdf
01-AARON-BRYANY.pdf
01-D-Foley.pdf
01-DEL-PILAR.pdf
01-J-HURLEY.pdf
01-Slaton-Eison.pdf
02-Brite-Star.pdf
03-Brite-Star2.pdf
1-WANT_TO_PURCHASE_MINERALS_&_OTHER_OIL_&_GAS_INTERESTS.pdf
11-Dalton 10 2019.pdf
77-h-clay.pdf
88-BD-JOHNSON.pdf
88-D-Baker.pdf
88-J-SMITH.pdf
88-d-nicholls.pdf
88-eMclvor.pdf
88-h-clay.pdf
88-j-orlando.pdf
88-l-domerson.pdf
88-l-gaines.pdf
88-m-bugarini.pdf
88-s-frescas.pdf
99-A-Moore.pdf
99-E-Bynum (2).pdf
99-E-Bynum.pdf
99-H-Clay.pdf
99-J-SMITH.pdf
99-JC-Patton-Mail-Lists.pdf
99-JCPatton.pdf
99-Monique's Mail (2).pdf
99-Monique's Mail.pdf
99-R-Peterson.pdf
99-c-vandergrift.pdf
99-j-orlando.pdf
99-j-skuse (2).pdf
99-j-skuse.pdf
99-jj-jones.pdf
99-l-domerson.pdf
99-l-gaines.pdf
99-r-vandergrift.pdf
99-wrights.pdf
999-BROKER-BRITE-STAR-ENTERPRISES.pdf
999-Brite-Star.pdf
A-Moore.pdf
BD-JOHNSON.pdf
FRED-HINSTON.pdf
MAKE-MONEY.pdf
STS212.pdf
STS213.pdf
STS213a.pdf
STS214.pdf
WANT_TO_PURCHASE_MINERALS_AND_OTHER_OIL_&_GAS_INTERESTS.pdf
Your-2018-ADSHEET-DIRECTORY1.pdf
c-vandergrift.pdf
sam-scruggs-21.pdf

 

WANT TO PURCHASE
MINERALS AND OTHER
OIL/GAS INTERESTS.

Send details to:
P.O. Box 13557
Denver, CO 80201


Current Issue of 01/21/2020

"AMAZING NEW PROGRAM"

Pulls Orders Like Crazy! For Details Send A #10 S.A.S.E. to:
JOE BAKER
2726 WASHINGTON AVE.
BEDFORD, IN 47421

204


14 BEER RECIPES

INGREDIENTS - DIRECTIONS
Great Receipts
Only $10.00 Cash - U.S.Money Order.
Three More Beer Recipes Free.
Wright's Co. , PO Box1886
Horsham PA 19044
http://wrightsco.com

113




77


GUARANTEED DISCOUNT PRICES!
Go online website
www.bettyskidswear.com
Enter code DSO6854

for Free gift with 1st purchase. Top brand-names like Gap Kids, Reebok, Addidas, Oshkosh!
Don't put it off!

147


EASY WAY TO BIG EBAY PROFITS!


35


HOW TO GET ONE MILLION
PEOPLE TO SEND YOU $100

Totally New, Fully Automated
ENDLESS CASH SYSTEM!
Send $1 & SASE
to get
Full Instruction:
BARBARA JACKSON
1259 E. 58th. ST.
LOS ANGELES, CA 90011 sc

145


ROAD TO RICHES

$6,000 Guaranteed
Millions Possible
www.roadtoriches.org/main-3693
William D. Powell
49 W. Chicago
Pontiac, MI 48340

107

FINALLY , A WAY FOR AVERAGE PEOPLE TO MAKE UP TO $1,000 PER WEEK.

Go to http:wwwmailboxmiracle.com/906
Call 24 hour:518-530-1744
Must use ID #906

112


INTERESTED IN MAKING MONEY ONLINE?

Never Talk On The Phone.
For Complete Details, Send A SASE To:
Publishers Market Source
P.O. Box 11272
Merrillville, IN 46411

123


FINALLY START MAKING MONEY

By Marketing Your Own Products and Ideas
Or Others' Products And Ideas!
Send $1.00 Plus 2 F/C Stamps to:
JAMESINA WENTZ
412 E. 7th. St., Apt.2
The Dalles, OR 97058

81



165


NURSING CAREER

INFORMATION. Should I go into Nursing? Would it make a great career? Send 4 First Class Stamps. Receive Reports on Nursing, Saving on Orlando Vacation and Building Your Credit.
HAROLD BOSI #RA
PO BOX 35-188
ELMWOOD PARK, IL 60707

67



160


*HOW*
To Get One Million
People
To Send You $2.00

LEARN MY EASY METHOD!
Plus Receive Proof This Method Works.
Rush $2.00 & LSASE To:
R.L. Traylor
PO Box 3503
Gardena, CA 90247

119


Get Paid To Shop

www.myedgeco.com/shop/jp2829
www.sellbizopps.com/lists/jp2088
www.myedgeco.com/myshop/jp2829

127



106


THE $500.00 A DAY PLAN


129


SPICE UP YOUR BARBEQUE DISH

With 320 Amazing Different Barbeque Special Sauce Recipes in 5 Large Cook Book Specials You'll Love! Send $45.00 Money Order To:
Your Easy Recipe Source
P.O. Box 11272
Merrillville, IN 46411

191


FREE Goldmine Opportunities Directory CD

100's of the latest money making programs listed +100'S of business eBooks included! Reg. $25 price, yours FREE, just send $5 for S&H to:
Harold Bosi
P.O.BOX 35-188
ELMWOOD PARK, IL.60707

68


HATE MAIL--THE REASON FOR HATE MAIL And HOW TO RESPOND! IMPROVE YOUR CUSTOMER SERVICE SKILLS.

Report-Reprint Rights $3.00 To:
WRIGHTS Co.
Box 1886
Horsham, PA 19044
http://Wrightsco.com

137


GET IT FREE!

This Sales Funnel Got 500 Signups in Under 3 Hours!
https://tcpros.co/yOS4r

197


MAIL KING PLAN
FREE NAMES, STAMP & MONEY


136


SALES PERSONNEL

to call on spas, beauty salons, beauty supply stores, boutiques, health clubs, etc. to introduce and sell Wild Rose personal care products. 40% commission on every case sold.
Send for info to:
SALES
PO BOX 303
RANDALLSTOWN, MD 21133

95


I USED TO BE ON A FIXED INCOME.
NOT ANYMORE!

Let Me Send You Some Of The Great Programs Which Got Me Off Food Stamps and Into A Better Ride!
These Programs Are The Best!
Send #10 LSASE and 2 loose Forever Stamps:
HONEST PROGRAMS
P.O. Box 159 C
Rocky Point, NC 28457-0159

86




    


images_article



images_horiz_220x90



images_horiz_468x60



images_horiz_728x90



ad_images_mini



images_square

images_vert


Small Biz Herald Magazine

Small Biz Herald Magazine - COPYRIGHT - ALL RIGHTS RESERVED