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Nothing contained on this Website constitutes tax, accounting, regulatory, legal, insurance or investment advice. Neither the information, nor any opinion, contained on this Website constitutes a solicitation or offer by The Wealth Planning Center or its affiliates to buy or sell any securities, futures, options or other financial instruments, nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Decisions based on information contained on this Website are the sole responsibility of the visitor. In exchange for using this Website, the visitor agrees to indemnify and hold The Wealth Planning Center, its officers, directors, authors, consultants, employees, affiliates, agents, licensors and suppliers harmless against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising from your use of this Website, from your violation of these Terms or from any decisions that the visitor makes based on such information.

The investments and strategies discussed in the Website may not be suitable for all investors and are not obligations of The Wealth Planning Center or its affiliates or guaranteed by The Wealth Planning Center or its affiliates, consultants and employees.

The Wealth Planning Center makes no representations that the contents are appropriate for use in all locations, or that the information transactions, securities, products, instruments, or services discussed on this site are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties. By making available the information on the Website, The Wealth Planning Center does not represent that any investment vehicle or advice is better or worse, available or suitable for any particular user. All persons and entities accessing the Web Site do so on their own initiative and are responsible for compliance with applicable local laws and regulations. Fixed, Indexed and certain other Annuity products are contracts and require you to complete your due diligence like any other retirement or investment product before you purchase for your portfolio or goals.

All investments involve risk and may lose value. The value of your investment can go down depending upon market conditions. Self directed I.R.A. investments are subject to certain prohibited transactions and regulations under I.R.S. rules. Fixed income investments are subject to risk including interest rate, credit, market and issuer risk. Currency exchange rates may cause the value of an investment to go up or down. Alternative strategies involve higher risks than traditional investments, may not be tax efficient, and have higher fees than traditional investments; they may also be highly leveraged and engage in speculative investment techniques, which can magnify the potential for investment loss or gain. 2017 Online Insurance Network 

HSAs or health savings accounts are savings accounts which allow individuals to save money pretax for qualified health care expenses, such as doctor visits, prescription drugs and dental and vision care, now or in the future through their job. The money in the account is owned by the individual, and stays with them even if they change jobs or health plans, or retire later.

An HSA is a very good and underutilized savings account that belongs to the individual and offers triple tax savings: your contributions, interest from investments, and ongoing and future qualified withdrawals can all be tax-free. HSAs generally have lower premiums and can be used for qualified medical expenses.   An HSA also offers investment options, depending on your balance amount.

 

The Health and Human Services Dept, is expanding the use of health reimbursement arrangements (HRAs) starting in January 2020, employers will be able to use what are referred to as individual coverage HRAs to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage that workers purchase in the individual market instead of employer supplied.

Besides allowing individual coverage HRAs, the HRA rule creates an excepted benefit HRA. In general, this aspect of the rule lets employers that offer traditional group health plans provide an excepted benefit HRA of up to $1,800 per year Employers may also reimburse an employee for certain qualified medical expenses, including premiums for vision, dental, and short-term, limited-duration insurance. According to the departments, this provision will also benefit employees who have been opting out of their employer’s group health plan because the employee share of premiums is too expensive.

HRAs are tax-preferred, so workers who buy an individual market plan with an HRA will receive the same tax advantages as workers with traditional employer-sponsored coverage. Further, by increasing employee options and empowering more people to shop for health plans in the individual market it will now theoretically lower costs for coverage in 2020.If you would like more information HRA, HSA & other employer, employee benefits options call or email us below to learn about the many options you have towards benefits and retirement planning with us here at

The 401k Man. 

Health Savings Accounts

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