The affordable care act power point (updated) again
Hsa Power Point
1.
2. Health Savings Account Plans By now, almost everyone knows that an HSA plan allows you to use TAX-FREE money to pay most medical expenses But did you also know . . .
3. An HSA also allows you to: By-pass the 7.5% AGI Limitation and deduct (almost) all of your medical expenses …. BEFORE they are incurred!
4.
5.
6. Similar to an IRA Sounds like an IRA? YES!! (“it’s a medical IRA”)
7.
8. What is the Catch? You must first purchase a special health insurance policy: “HDHP” (High Deductible Health Plan)
9.
10.
11.
12.
13. AGI “By-Pass” Compare an HSA to the “other way” you can get a deduction for medical expenses—you have to spend money. Schedule A—Itemized Deduction for medical expenses. Limited to 7.5% of AGI. Key term: Expenses. Ordinarily, you have to spend money, i.e., incur expenses in order to get a tax deduction. Which would you rather have: A deduction for expenses incurred or for money contributed to a savings account?
14. Example: Bill & Susan, both age 44, with 2 kids Bill is self-employed contractor AGI: $77,000 Medical “expenses” for the year: $1,600 (by law, does not include insurance premiums paid!) Amount of deduction: ZERO Why?: 7.5% threshold is not reached until $5,775 in expenses are incurred
15. Example (cont.): Compare the HSA. Contribution to HSA: $5,800 Amount of Deduction: $5,800 Estimated Tax Savings: $1,624 (28%) Bill & Susan can actually use “tax dollars” to pay all of their medical expenses and still have $4,200 saved and hard at work earning tax-deferred interest (or investments). Duh! (5,800 contribution – 1,600 medical expenses = 4,200 balance) **Actual insurance premiums are also 100% deductible for the self-employed under either option.
16.
17.
18. Eligible Expenses: Withdrawals are tax-free and penalty-free at any age if made to pay any of the eligible expenses: NOTE: This is the same list used by the IRS to determine if medical expenses you claim qualify for the 7.5% AGI deduction! • ambulance • gum treatment • prescription medicines • anesthetist • gynecologist • psychiatrist • eyeglasses • pediatrician • physician • blood tests • hospital bills • psychoanalyst • arch supports • healing services • psychologist • lab tests • hearing aids • neurologist
19.
Notas do Editor
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
Imagine that 30% of the calls you receive on your cell phone are from telemarketers – you would consider the value of the cellular system to be far less than you do today -- you’d find it as much of a source of annoyance as you would a useful tool. And as you had to pay for each call you received it would reduce the cost effectiveness considerably. E-mail is, after the wired telephone, the most valuable communications resource business has and spam does to e-mail what unrestrained telemarketing would do to the cell phone system – it decreases value and increases costs.
![Insider secrets-how an HSA plan can save you taxes & premiums ,[object Object],C. Dean Richard, JD, MSBA Needless to say, all contents ©2008, all rights reserved.](https://image.slidesharecdn.com/hsapowerpoint-12799210665062-phpapp01/85/Hsa-Power-Point-1-320.jpg)
