Released on = December 30, 2005, 3:12 am

Press Release Author = Self Employed Insurance Services

Industry = Consumer Services

Press Release Summary = Online Agency provides Self Employed individuals the ability
to research different options and provides free information on different types of
plans and coverage

Press Release Body = Health Savings Accounts and the New Type of Health Insurance
for the 21st Century

Mattoon, IL -- December 29th 2005 -- New innovative Health Savings Accounts will
change the way millions can save to meet their health care needs,\" said owner of
Self Employed Insurance Services, We want Americans to be able to take advantage of
HSAs as soon as possible,\" \"An HSA is a good deal, and all Americans should consider
it. HSAs will help consumers have more choice in meeting their health care needs,
and we are acting today to clear the way.\"

Any individual who is covered by a high-deductible health plan may establish an HSA.
Amounts contributed to an HSA belong to individuals and are completely portable.
Every year the money not spent would stay in the account and gain interest tax-free,
just like an IRA. Unused amounts remain available for later years ( unlike amounts
in Flexible Spending Arrangements that are forfeited if not used by the end of the
year ). Tax-advantaged contributions can be made in three ways: the individual and
family members can make tax deductible contributions to the HSA even if the
individual does not itemize deductions, the individual\'s employer can make
contributions that are not taxed to either the employer or the employee, and
employers with cafeteria plans can allow employees to contribute untaxed salary
through a salary reduction plan. Funds distributed from the HSA are not taxed if
they are used to pay qualifying medical expenses. To encourage saving for health
expenses after retirement, HSA owners between age 55 and 65 are allowed to make
additional catch-up contributions ( $500 in 2004 ) to their HSAs.

http://www.self-employed-insurance.com/hsainfo.html

HSAs are more flexible and are available to many more individuals than Archer MSAs.
The minimum required deductible of the high-deductible plan is lower, both employees
and employers can contribute, and the maximum contribution is now the full amount of
the deductible. Employees of large companies are now eligible. Individuals with
existing MSAs can either retain them or roll the amounts over into a new HSA.


For information: http://www.Self-Employed-Insurance.com
Contact: info@self-employed-insurance.com
Phone: 800-928-1005




Web Site = http://www.Self-Employed-Insurance.com

Contact Details = David Miller