The Affordable Health Insurance Co.
Self-Employed, Families, Individuals
Health Insurance Basics
You may be ONE doctor visit away from a HUGE medical bill!
Protect you, your family and your business from financial ruin. Do not take chances with your health or your financial assets - make sure you have some sort of medical insurance in place at all times.
What type of plans are available?
There are many choices, but most individual health insurance plans fall into these broad categories:
- Major Medical - Typically referred to as Preferred Provider Organizations
(PPOs). These types of plans offer broad coverage through a contracted agreement
between the insurance company and the health provider. - Short Term Major Medical - Very similar to the aforementioned Major Medical PPO-type plan, but typically purchased to provide from one month to twelve months of temporary medical coverage.
- Indemnity Plan - Also known as "reimbursement" plans. These plans allow you to
chose your own doctors and hospitals. The plans pay a set amount to you for medical
expenses allowing you the freedom of using the benefit any way you want. - HSA-Qualified High Deductible Health Plan - Similar to Major Medical, but you can take contributions from your HSA for eligible health care expenses tax-free:
- Having a qualified, high-deductible health plan (HDHP) in place is a requirement under
IRS code 223 to make contributions into a Health Savings Account. HDHP is simply the acronym for the qualified health insurance plan. Contact us for your health plan options before you attempt to open an HSA. - Annual contributions are limited to the amount of your deductible but not to exceed
$2,7 50 for an individual and $5,650 for a family plan. Your own HSA contributions are tax-deductible. Whatever money you deposit in your HSA will roll forward from year-to-year so you will never lose your contributions. The IRS will penalize excess contributions. - Interest earned on your account is tax-free.
- You can take deductions from your HSA for eligible health care expenses tax-free. All
other deductions prior to age 65 are subject to a 10% penalty by the IRS. It is
recommended you retain all medical expense receipts. - Withdrawals for qualified medical expenses are tax free. Eligible health care expenses include the charge for payments for the diagnosis, cure, mitigation, treatment, prevention of disease, treatment affecting any structure or function of the body, prescription drugs, nursing services, qualified long term care services and Medicare premiums. The list of qualified expenses is extensive - contact us for an updated list.
- Eligible expenses do not include funeral or burial expenses, health club dues, over-the-
counter medicines, toiletries, cosmetics, a trip or program for the general improvement of your health or most cosmetic surgeries. - Your Health Savings Account is portable. You own the HSA and it is yours to keep - even when you change plans or retire. You long as you medically qualify you can switch insurance plans anytime and retain all your contributions to your HSA.
- Individuals under 65 years old are eligible to open an HSA.
Official government site for HSA's
How to chose the best plan for you and your family:
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Look for these key features:
- Hospital: The policy should adequately cover your room and board plus any
miscellaneous charges while hospitalized.
- Surgical: This benefit pays your surgeons' fee plus related costs such as
anesthesiologist.
- Physician: Pays for visits by the doctor while confined in the hospital or on an
outpatient basis.
- Ambulance Transport: Pays for ground as well as air transport to the hospital.
- Catastrophic Coverage: The plan should pay a high lifetime maximum to protect you against financial ruin in case of a catastrophic illness or injury
- Co-insurance Maximums: Commonly know as a "stop loss" - the plan pays 100%
above a certain amount therefore limiting your financial exposure to a reasonable
amount.
I am still confused about all the choices - how do I select what is best for me and my family?
That is where we come in! We are full-service, multi-state licensed insurance agents
specializing in finding the best insurance available at an affordable price for the self-employed, independent contractors , small business owners, individuals and their families.
It is our job to work directly with you to find the right policy, with the right coverage, at the right price for you and your family.
Contact us for a free quote
Purchasing Health Insurance is not quite as easy as pushing a button and out comes an
instant quote. Some popular web sites do offer instant online quotes, however these quotes
are for very basic plans commonly called "loss leaders" and do not constitute a final quote -
rest assured, the final number will be significantly higher when you finally agree to meet with
the agent to fill out the required application.
All our quotes are free for the asking, but you must talk to us so we can ask pertinent
questions related to your age, sex, medication and overall health status. We offer many plans and you have many excellent choices which ultimately will determine the final premium. Takes about 5 -10 minutes and we do not sell over the phone.
$mart Health, Inc.
The Affordable Health Insurance Company
Contact Capt. Rob & Vicki Hamilton toll free at:
(866) 205-9690 or 813-994-5399 for more information,
free quote or a no-obligation consultation
