CONSUMER DRIVEN HEALTH CARE PLAN'S (CDHP)

Do not complain about the ever increasing rise in health insurance premiums,  do something  about it right now. Please act now before   congress may repeal this law. Involved employers and employees are limiting there annual rate increases to 2.5% by being involved in CDHP.

You can take an active roll in curbing the rising costs of your health insurance premium. Nationaly the average company spends 8% of its income on health insurance.

How about your company? Health insurance premiums are increasing at about three times the cost/rate of inflation.

In companies  where a CDHP was installed the average emergency room visits decreased while doctor visits increased. That translates to money in you and your employees pocket.

A High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA) provides traditional medical coverage and a tax free way to help you build savings for future medical expenses.

The HDHP/HSA or HRA gives you greater flexibility and discretion over how you use your health care benefits. This is the very best medical tax savings available to employers and employees. Please allow us to assist you by  quoting  a plan for you and your company.

2008 Contribution Limits Set by IRS:
The Internal Revenue Service (IRS) sets the contribution limit amounts for Health Savings Accounts. The new contribution limits for 2008 is $2,900 for those with individual (self-only) coverage and $5,800 for those with family coverage.

Catch-up contributions for ages 55 and older will be $900 in 2008

 The premium savings that occurs from a very reduced premium gets deposited into a separate account with your name on it. That means you get to use it as needed now and in the future (for health related occurences).

The maximum out-of-pocket limits for HDHPs, $5250 for Self and $10,500 for Self and family enrollment. Please note the higher the deductible the less costly  the premium.

The concept is the same as taking a $2500 deductible vs. a $500 deductible on your comprehensive and collision coverage for your auto insurance. Your fixed premium drops substantially! Congress has authorized that this savings can be money for usable expenses at the employees discretion within mandated guidelines. The money is tax deferred tax deductible and the accumulated interest/earnings is also deferred.

The higher your deductible the more you can save!

Depending on the HDHP that you choose, you  have the choice of using in-network providers, deductibles, etc. Using in network providers saves money.

 Now  is the time to take a proactive hold on the ever increasing costs of health insurance. Learn how to be a part of the Consumer Driven Health Care Plans.

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                                               email address: marquisbkg@aol.com