Health Savings Accounts (HSA)

As the cost of health care continues to rise, many employers feel that the only solution is to shrink employee benefit plans.

There is a Better Way.

You now have a new powerful option available to you ... Health Savings Accounts (HSA). HSA's are part of the growing industry trend toward Consumer Driven Health Care (CDHC), which is set to revolutionize health care in this country, and Sorensen Flexible Benefits can help you establish your own.

What is an HSA?

An HSA is a tax-free savings account used to save money to help pay for qualified health care expenses. Combined with a High Deductible Health Plan, the HSA pays for qualified and routine health care expenses until the individual has met the deductible, then the insurance coverage takes over. Plus, unused funds roll over from year to year and continue to earn tax-free interest, increasing the benefit of today's savings.

Therefore, you or your employees get a triple dose of tax benefits: tax-free contributions, tax-free disbursements, and tax-free interest earned.

What Can An HSA Do For Me?

Health Savings Accounts gives you or your employees the opportunity to save money and gain more control over future expenses, resulting in several possibilites:

• Payroll Tax Savings!
• Lower Insurance Premiums!
• Increased Employee Morale!
• Sorensen Flexible Benefits is proud to offer Your Employees the Newest Employee Benefit on the Market!

Click here to request more information.

Personal HSA Assistance

Sorensen Flexible Benefits understands the process. We can answer your tax questions. We can help you comprehend the law that applies to this new system. We are ready to help you understand.

Our online system is designed to provide account information whenever you need it. It provides the control that you need to access your account information. Take an active role and learn how you can minimize your liability and your heartache. Contact Sorensen Flexible Benefits today to find out more about Health Savings Accounts.

Sorensen Flexible Benefits offers the following services with HSA accounts:

• Electronic storage of necessary documentation
• Phone Support for Employers and Employees
• Provide necessary information and documentation
• Medical Expense Certification
• Claims Vault Access
• The online HSA system, provided by DPAS, allows the employee to store necessary documentation for later need. Access is available 24 hours a day through our online system. So, if you want to file your receipts in this vault and file for reimbursement at a later time, the option is now available to you.
• With Sorensen Flexible Benefits, you have the ability to invest your HSA money in mutual funds, increasing the tax-free earnings. After taking the risk analysis quiz to help determine your risk tolerance, you can select from one of five pre-defined investment portfolios, and rest assured that your funds are under regular review from a registered investment advisor.

You can build up your account and earn interest before you deduct the reimbursement from your account. You determine how you will use your account for medical expenses. Allow this feature to provide you control of your account.

If you are an experienced investor who wants greater control over your investments, choose the custom model and select your own investment strategy with your personal selection of funds and investment percentages.

How Do I Get Started?

To find out more about Sorensen Flexible Benefits and how we can start you on the road to HSA freedom, call us at 800-657-4716. You can also email us at info@sorensenbenefits.com

For more information on Health Savings Accounts, visit www.hsa223.com, the most comprehensive HSA educational site on the Internet.