Idaho MSA

06/19/2018

TransferNOW makes it easy to transfer funds to your Health Savings Account or Idaho Medical Savings Account. Watch this short video tutorial to learn more and setup your transfers today.

Introducing TransferNow. Now you can easily transfer funds to and from your accounts at other financial institutions. Mo...

06/05/2018

Health Savings Accounts (HSAs) and Idaho Medical Savings Accounts (Idaho MSAs) are great tools to help you save on healthcare costs and plan for your future. Contact Adam Berry, our Healthcare Accounts Officer, to learn more about an account that best fits your needs!

04/28/2018

How much money have you set aside to cover your health care expenses during retirement? This study shows that you might be underestimating the cost of health care and a HSA might be the answer to being financially prepared.

A 65-year-old couple retiring this year will need $280,000 to cover health care and medical expenses throughout their retirement, according to Fidelity Investments. This is a 2% increase from 2017-and a 75% increase from Fidelity's first estimate in 2002. Fidelity says the cost breaks out to $133,00...

04/05/2018

Avoid feeling the burden of medical expenses by being financially prepared. Setting money aside in an HSA is tax deductible and will be there in case of an emergency. Click on the link to learn more about how you can better prepare for your financial future!

While more than $3.3 trillion-nearly one-fifth of the gross domestic product-is spent on health care in the United States, The West Health Institute and NORC at the University of Chicago poll finds Americans report that costs are a factor in a number of decisions they make about their care, and heal...

03/21/2018

Remembering what qualifies as an eligible expense for your MSA is not always top of mind. Here’s a quick reminder to ensure you’re using your MSA as intended. For a more comprehensive list of alphabetized eligible expenses, visit http://trst.in/Vif6U.

Don't forget - funds spent on ineligible expenses are subject to a 10% penalty and become taxable income.

03/09/2018

The IRS has lowered the HSA family contribution limit by $50 to $6,850 for 2018. Click on the link for more important information.

The 2018 contribution limit for health savings accounts (HSAs) linked to family coverage will be $6,850-not $6,900, as the IRS had previously announced. The IRS recalculated the limit because the Tax Cuts and Jobs Act that passed at the end of 2017 applies the so-called chained consumer price index....

02/09/2018

Take the next step in understanding your Health Savings Account (HSA). Click on the link to see how you can get the most out of your HSA.

HSAs offer tax advantages and other benefits. Here's a closer look at how to maximize this unique savings opportunity.

02/05/2018

Join us as we welcome Adam Berry, Healthcare Accounts Officer, to the Idaho Independent Bank team. On November 15, 2017, American Health Value made the difficult decision to discontinue its operations. Going forward, IIB will be providing similar services and Adam will continue to serve as a knowledgeable resource on MSA accounts.

Adam Berry has been appointed healthcare accounts officer at Idaho Independent Bank’s Boise River branch. Berry has 10 years of healthcare account experience related to Idaho medical savings …

09/29/2017

It's official today, Idahoans... Health insurance premiums are going up 27% on average, with a 40% increase to popular "Silver" level plans!

Open an Idaho and use it to pay your health premiums to save a guaranteed 7.4% off the top!

We can't control what the prices are, but we can help you save some money if you help yourself first by contacting us to open an account today!

Health benefit plans available for purchase all offer, at a minimum, the Essential Health Benefits package, and they have an associated “metal level” of Bronze, Silver, Gold, Platinum, or Catastrophic.

08/03/2017

Health insurance rates are going up 35-50% for 2018! There might not be much you can do about that, but WHAT YOU CAN DO, is get an Idaho MSA to pay those premiums with tax-free dollars!!

Contact our office to learn about the Idaho MSA for you and your family and we're happy to set one up so you can save some money on these RIDICULOUS health insurance premiums!

On average, rates among the four insurers that sell plans on the Idaho-based health exchange are proposed to go up 38 percent.

08/01/2017

Idahoans! The health insurance carriers are proposing premium increases across the board for 2018, at an average of 38%!!!! The most popular "silver" plans have increases proposed at 50%!

The Idaho Department of Insurance is asking for public input. Go visit their website and leave a comment to help support their efforts to reduce these rate increases!!

06/05/2017

Fantastic article from the Idaho Department of Insurance about the misconceptions in the press relating to potential changes. These issues matter to Idahoans, and this is a MUST READ!

https://apps.doi.idaho.gov/DisplayPDF?ID=2530