Meet HSA for America

How a typical family saved more than $1,000 per month on health insurance

We recently worked with another family of four: A 52-year-old male, his 46-year-old wife, and two children, ages 20 and 17 – all residents of Colorado.

The older daughter was a full-time college student, and the younger son was still in high school.

When they contacted us, they were also paying nearly $2,000 per month for a family health insurance plan. In this case, the family didn’t understand that they qualified for a significant Affordable Care Act subsidy. And so they were paying the full premium.

They contacted HSA For America, and spoke to one of our Personal Benefit Managers, who took them through our detailed needs analysis. As a result of that process, they found out that their income and family size meant that they qualified for a significant subsidy under the Affordable Care Act and the American Rescue Plan.

In other words, after speaking with HSA for America, they discovered they should have been paying much less all along!

This isn’t unusual: The traditional health insurance market is insanely complicated. And the intricacies of the Affordable Care Act larded massive layers of additional complication on top of it. Millions of Americans are confused and bewildered by a ridiculous system.

And wind up making terribly inefficient decisions because of it.

After considering their options, they chose to buy a Humana Silver Plan over the ACA exchange – covering all four of them for less than $300 per month. This decision generated immediate savings of over $1,600 per month.

In this case, because of the ACA subsidy, it made more sense for them to go with a traditional Affordable Care Act-qualified insurance plan. If they had a higher income and didn’t qualify for a subsidy, we would have looked carefully at a healthsharing alternative.

Every family is different. That’s why it’s important to work with an independent health insurance expert who is not captive to any one carrier, or even beholden to the insurance industry itself!

At HSA For America, we understand both traditional insurance and money-saving insurance alternatives. So whatever your situation, we can connect you with the plan that makes the most sense for you and your unique, individual circumstances.

How Group Health Sharing Saved A Small Business More Than $5,000 Per Month

A small business in Florida we worked with had 24 employees on board. 17 of them signed up for a group health sharing plan. 7 employees chose to enroll in an individual health insurance plan.

Working with one of our expert Personal Benefits Managers, the business owner set up a health reimbursement arrangement (HRA), which would help reimburse employees who chose health insurance for most of their insurance premiums, tax-free.

The business owner also set up an accident insurance voluntary benefit plan that effectively reduced every employee’s deductible for accidents to $100. This was important, because most of the employees couldn’t afford thousands of dollars in ER deductibles and coinsurance costs if, for example, a child broke her leg at soccer practice.

All together, offering employees a lower-cost health sharing alternative still saved the business more than $5,000 per month, compared to the cheapest traditional group health insurance plan they had been considering. The savings were more than enough to provide the improved accident insurance protection

As a result, the business is more profitable, has more free cash flow, and employees have more financial security, thanks to these innovative approaches to small business health benefits.