Released on = December 21, 2005, 9:29 am

Press Release Author = Benefits Boutique

Industry = Accounting

Press Release Summary = Health Insurance Industry expert Mike Chapman from
BenefitsBoutique.com outlines year end health expense strategies to maximize tax and
insurance savings for individuals and families.

Press Release Body =
FOR IMMEDIATE RELEASE
Dallas, Texas USA
12/21/2005


Year-end Health Expense and Tax Straddle Strategies

Spending the last two weeks of the year looking for ways to cut your taxes? Health
Insurance Industry expert Mike Chapman from www.BenefitsBoutique.com gives five year
end strategies that can save individuals and families on taxes and health care
expenses.

1. If you are self-employed, your health insurance premiums are tax deductible. If
you need more deductions this year, contact your health insurance agent and pay for
a quarter or six months of premiums.

2. If you are self-employed or purchase your own health insurance, consider
purchasing a high deductible health insurance plan and open up a health savings
account (HSA). Famlies can contribute up to $5400 into their HSA next year (plus
$600 if over 55) to pay tax free for their out of pocket medical, dental, and vision
expenses. Benefits Boutique, at www.BenefitsBoutique.com is a nationwide online
insurance agency with access to hundreds of tax advantaged HSA plans and offers
free, no-obligation health and life insurance advice and affordable health insurance
quotes to individuals, families and businesses.

3. If you already have a high deductible health plan, maximize your annual HSA
contributions before year end For 2005, individuals can contribute $2650 and
families $5250 (plus $600 if over age 55.) Any 2005 HSA contributions are tax
deductible on April 15, 2006 Federal and most state tax returns.

3. If you are covered in your employer\'s group health plan, ask if they offer a high
deductible health plan that you can still enroll in so that you can make tax-free
contributions.

4. If your employer offers a Health Reimbursement Arrangement (HRA), ask if you can
still enroll in it and make payroll deductions that you can use to pay for your
health expenses on a pre-tax basis.

5. If you already have a Health Reimbursement Arrangement with your employer, don\'t
forget that you must use any balance in the HRA by December 31st or you lose any
balance. Don\'t wait to year end--many opticians and dentists report that the end of
December is their busiest time of the year as many employees rush to use up their
remaining HRA balances.


Arrange an interview with Michael Chapman for more insights into this topic.
Direct line: (888) 398-6246
Email: mtchapman@BenefitsBoutique.com
Other helpful information can be found at: http://www.BenefitsBoutique.com.




For More Information Contact:

Michael Chapman
mtchapman@BenefitsBoutique.com
http://www.BenefitsBoutique.com



Web Site = http://www.BenefitsBoutique.com

Contact Details = Michael Chapman