Thank you for
taking the time
to visit
SilverStateInsurance.com.
This sight is
owned and
operated by Knox
Associates, LLC
- A licensed
Insurance agency
based in Las
Vegas, Nevada.
As your Nevada
Insurance Broker
our goal is to
educate you on
the various
policies
available to
individuals and
businesses in
the state of
Nevada.
We believe in
full disclosure
of every policy
our clients
purchase.
By arming our
clients with
this information
they can make
the right choice
and purchase the
Nevada Health
Insurance plan
that best suits
their needs.
We are focused
into two areas of Insurance. Those
being; Nevada Health Insurance for the
Self-Employed and Small Group (under 100
employees) Employee Benefit Programs - Keep
the below points in mind when shopping for
your Nevada Health Insurance plans.
Self
Employed Health Programs can vary
significantly here in Nevada
Self
Employed Health Plans differ greatly
from Corporate Group Health Plans
Individual Insurance Plans are not
guaranteed issue
Whether you purchase your Individual
Health Plan directly through the carrier
or through an agent / broker you pay the
same price
Just
because one carrier was good in one
state doesn't mean that carrier is good
in all states
Small
Group Health Insurance Plans are
guaranteed issue
Group
Health Insurance pre-existing condition
exclusions are very different from
Individual Health Insurance Plans
Here
in Nevada, Disability Insurance is one
of the most important ancillary benefits
you can offer to your employees - Nevada
does not have a state funded disability
program
We
feel that "In Network" Nationwide
provider access should be one of your
decision making factors when selecting
your group or individual Nevada health
plan
The
newest forms of Nevada Health
Insurance are Health Savings
Account Qualified Plans.
These plans were made permanent
in 2004 and already have
attracted more than 3,000,000
policy holders.
We
have seen these
plans work very well for
individuals and family's who are
over the age of 30 and generally
in good health. By raising
deductibles and saving the
premium difference into a tax
deferred Health Savings Account
it is very likely that a family
can save over $14,000 over a
period of 5 years with out
compromising coverage -
see this example.
HSA's offer significant tax
advantages
You can see significant
premium savings by
purchasing an HSA qualified
health plan
HSA Qualified plans work
very well for the Self
-Employed
For 2007 the maximum family
contribution to an HSA is
$5,650. Your
contribution limit is no
longer tied to the
deductible of your HDHP.
For 2007 the maximum single
contribution to an HSA is
$2,850. Your
contribution limit is no
longer tied to the
deductible of your HDHP.
Once you turn 65 you can
reimbursed your Medicare
Part B premium to yourself
on a tax-free basis
HSA' Roll over from year to
year - there isn't a "use it
or loose it provision" like
there is with Flexible
Spending Accounts (FSA's)
HSA's are never taxed when
the money is used for
qualified medical expenses
Once you turn 65 you can use
your HSA funds to pay for
some insurance premiums
You can use your HSA funds
to pay for an immediate
family members out of pocket
medical expenses on a tax
free basis
In
most instances an employer
can contribute to an
employees HSA
Disclaimer: This website is
not intended to advise on tax or
investment related issues; as with
all investment and tax related items
you should check with your own
financial or tax professional.
Even though the information on this
site has been pulled from reliable
sources you should always check with
a licensed professional specific to
the questions and concerns that you
have based on your own situation.
Specializing in Nevada Health
Insurance for the Self-Employed
and Small Businesses (under 100
employees).
Last updated
Friday, March 2nd, 2007 Copyright
2003-2006 --
SilverStateInsurance.com
is owned and operated by Knox
Associates, LLC - a
licensed insurance
agency based in Las
Vegas Nevada
