Hey insurance professionals! I have just learned about MSA's and I thought you might enjoy this letter.... Are you tired of wasted trips with no sale and...
435
Edward Sealy
msagent78209
Apr 11, 2003 8:54 pm
Hey, I'm NOT a CPA and don't play one on TV, but no, I don't think K-1 income is considered "earned" income, and yes any earned income is subject to the usual...
434
spanky_130_1999
Apr 11, 2003 7:47 pm
So you are saying: 1. Yes, K-1 schedule income is NOT earned income. 2. Any *earned income* will be subject too SS, Medicare, etc... and / or ATM tax BEFORE it...
433
Edward Sealy
msagent78209
Apr 11, 2003 7:23 pm
IRA's and MSA's have always required "earned income" to make them work as Congress wanted people who "work/earn" for a living to be helped, not "rich" people...
432
spanky_130_1999
Apr 11, 2003 3:21 pm
Background: sole owner, small business, no employees, C-Corp (S-Corp tax status), All of my taxable income is Schedule K-1 (S-Corp), no payroll, no W-2, no...
431
Edward Sealy
msagent78209
Apr 8, 2003 1:41 pm
Dave - Had another thought you might wish to check out further... Under the new Health Reimbursement Arrangement (HRA) approved by the IRS, any size employer...
430
Mario Murillo
groboz
Apr 7, 2003 8:54 pm
A few things to consider. HIPAA is a federal mandate that required guaranteed acceptance to individual plans under certain conditions. Primarily, that you ...
429
msagent78209
Apr 7, 2003 8:24 pm
Have recently begun to learn about this new legislation (summer of '02) that appears to alleviate the problems with group MSA plans and MSA contributions....
428
msagent78209
Apr 7, 2003 8:19 pm
Dave, John Alden/Fortis offers MSA plans in CA. I don't know of any new laws that would allow you to have a "group" plan without 2 people, nor an individual...
427
msagent78209
Apr 7, 2003 8:00 pm
In most states the insurance companies do not have to take you. But HIPPA laws do prevent employer groups from being denied coverage for medical reasons. In...
426
techbridgeinc2003
techbridgein...
Apr 7, 2003 4:50 pm
A couple of years ago I did a lot of research on getting an MSA for my corporation (Techbridge, Inc.) I am the only employee of the corporation. This is in...
425
earl_s_jones
Apr 7, 2003 4:39 pm
Hello, all. I have a couple of questions regarding MSAs that perhaps someone can answer. First... I took a retirement planning seminar a few months back, and ...
424
Edward Sealy
msagent78209
Apr 6, 2003 7:20 pm
Dear Betsy: I am not licensed to sell in Ohio, but I ran a quote on my software based on the info provided and found the following: MSA PPO Deductible: $3,400...
423
Betsy Hildebrand
zabethebabe
Apr 5, 2003 9:18 pm
Okay, I'm sure this question is similar to others posted previously, but I am new here. I have a family of four, ages 31, 30, 4 and 1. Currently we have a...
422
Edward Sealy
msagent78209
Apr 4, 2003 10:11 pm
Gordon, Good question. All of the insurance plans I sell are invariably PPO plans, which offer 20 to 30% lower premiums over indemnity (non-ppo) plans. The OOP...
421
Mario Murillo
groboz
Apr 4, 2003 5:32 pm
This number is set by the insurance company. Ideally this number is in a prominent place on the benefit summary. Some carriers have hidden this in another ...
420
Gordon Crawford
vmhr33
Apr 4, 2003 2:53 pm
I am a bit confused about the term "Out-Of-Pocket Maximum" 1. Who sets it - ins. co. or IRS? 2. I understand it is a truer number with MSA plans, but what...
419
Mario Murillo
groboz
Apr 4, 2003 3:54 am
Blue Sheild of CA Rates very with each county but most are at about that rate. Broker services is at 800-559-5905 ... ...
418
tempelife
Apr 4, 2003 1:14 am
Which company is only $50 for an MSA in CA at age $26 because I would like to use them as a carrier if the major medical benefits are good? Thanks, Bret Lewis...
417
Mario Murillo
groboz
Apr 4, 2003 12:47 am
Interesting how much it can vary from state to state. California has legislated mental health benefits into the health plans. However, this has has had two ...
416
Edward Sealy
msagent78209
Apr 3, 2003 10:14 pm
Mario - Actually, I was incorrect about that $3,000 figure. As you may know, BCBS offers 3 different plans, and in checking the "Advantage plans" I found the ...
415
Mario Murillo
groboz
Apr 3, 2003 4:58 pm
Good call, Ed. The out of pocket max is the a critical factor. I assumed the information that $3000 out-of-pocket max was correct for his BCBS plan. Your ...
414
Edward Sealy
msagent78209
Apr 3, 2003 12:14 am
Mike: First thing you need to compare the insurance coverage in terms of what your total exposure is between the two plans: Your Plan: BCBS Select Blue...
413
Mario Murillo
groboz
Apr 2, 2003 5:25 am
You appear to be comparing your $500 ded plan as well as the $2500 deductible non MSA plan. It makes sense that the the $2500 ded plan is going to be a close...
412
Michael Hoeffner
mhoeffner
Apr 2, 2003 4:41 am
I've been playing with the numbers and I just can't get the MSA to look that favorable based on my claims last year. Let's say that I have the following with...
411
Edward Sealy
msagent78209
Apr 1, 2003 10:54 pm
Mike: I am an agent. Why don't you cal me directly and lets find out what your confusion is? I assume you understand you must be self-employed to take ...
410
Mario Murillo
groboz
Apr 1, 2003 10:27 pm
You should contact Ed Sealy as he will have the most knowledge of health plans in your area. Dental coverage may not be an option. These are pretty similar...
409
Michael Hoeffner
mhoeffner
Apr 1, 2003 9:21 pm
Hi. I've read a lot about MSAs over the last few days and I am thoroughly confused. My scenario seems like it would be pretty simple, so if anyone could...
408
Edward Sealy
msagent78209
Apr 1, 2003 7:29 pm
I have several RVers as clients and it is not a big problem these days. All mine are members of the Escapees Club in Livingston, TX that serves as forwarding...
407
stephenipc
Apr 1, 2003 7:04 pm
Hi, My wife and I live and work full time in a 40' Bluebird Wanderlodge (Bus RV). We have been full time RVers for 18 months. We have no other residence, we...
