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Accumulations and Annual Benefits Under
Health Savings Accounts
Let us show you:
How the HSA product works.
About pricing and wording of high deductible major medical
companion product.
How to employ long term care supplements.
The value of Bragg Health Expectancy as a
sales/administrative tool.
Annual Contribution
$ 2,600
Interest Assumed
6%
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Age 45 |
Age 55 |
| |
Male Nonsmoker |
Female Nonsmoker |
Male Nonsmoker |
Female Nonsmoker |
Scenario I:
Contributions to Age 65 |
|
|
|
|
|
Will Be Healthy to Age |
77 |
77 |
79 |
79 |
| Assisted Living Years |
5 |
5 |
5 |
5 |
| Skilled Nursing Years |
3 |
3 |
2 |
5 |
| Accumulation at 65 |
$95,643 |
$95,643 |
$34,270 |
$34,720 |
| Annual Benefits: |
|
|
|
|
| Age 65 to end of healthy
period |
$4,074 |
$3,276 |
$1,716 |
$1,202 |
| During Assisted Living Period |
$10,185 |
$8,190 |
$4,291 |
$3,006 |
| During Skilled Nursing Period |
$40,741 |
$32,758 |
$17,164 |
$12,024 |
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Scenario II:
Contributions to End of Healthy Period |
|
|
|
|
| Accumulation End of Healthy
Period |
$236,313 |
$236,313 |
$132,121 |
$132,121 |
| Annual Benefits: |
|
|
|
|
| Age 65 to End of Healthy
Period |
--- |
--- |
--- |
--- |
| During Assisted Living Period |
$19,372 |
$14,068 |
$12,650 |
$7,865 |
| During Skilled Nursing Period |
$77,489 |
$56,271 |
$54,600 |
$31,460 |
Notes: Healthy, assisted living, and skilled nursing periods
are from Bragg Associates' Health Expectancy for individuals with no current
medical impairments.
Contributions are from pre-tax dollars; interest earnings are tax-deferred.
Benefits are available tax-free for deductibles, co-pays, prescriptions,
over-the-counter medications, and Long Term Care Insurance.
A basic Health Care insurance plan must be maintained with deductible of at
least $2,600 and out-of-pocket maximum of $5,000 or less.
These illustrations and notes are based on our current understanding and are not
guaranteed.
3/16/2004
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