What is Health Savings Account?

[mckoy_slipstream]

hold your horses. let me clarify that kaiser healthgroup is not related or not a franchise of kaiser permanente operating in the states and canada. kaiser philippines was incorporated by various pinoy mostly in the field of medicine. they registered under sec and doh. just to make it clear.

[wizard_jamex]

hold your horses. let me clarify that kaiser healthgroup is not related or not a franchise of kaiser permanente operating in the states and canada. kaiser philippines was incorporated by various pinoy mostly in the field of medicine. they registered under sec and doh. just to make it clear.

Bitaw, lahi ra man na sila. LOL

[lorenzoleo]

Ang 10% during accumulation period kay dili na guaranteed na 10%, pero dili mu naug below 7% per year. Basaha pud ang naka sulta sa ubos kanang gamay nga note. It could go more than 10% if the Financial Market is good kay sa MF na gina invest. May na lang ni kay sa mag time deposit oi, kay kita pa ang insured then naa pud investment more than the inflation rate.

[wealthyhead]

Kaiser --> Provides healthcare when you need healthcare the most - when you're older.

so don't wait too long to get one yourself or for your parents while you're still healthy.

[wizard_jamex]

Kaiser --> Provides healthcare when you need healthcare the most - when you're older.

so don't wait too long to get one yourself or for your parents while you're still healthy.

Yep, you're right. It's better to have personal health care while its still young. You must also provide health care for your parents too so that you don't need to worry in case there is something happened to them like sickness (hypertension, heart attack, etc..).

[Dako Ang Imo...]

No, dili mawala ang savings but the amount that you will receive after the 15th year (5 years of paying + 10 years to mature) will be lesser.

Here's how it is supposed to work if wala nimo nagamit for 15 years. The plan amount will compound annually at a rate of 10%, the amount that you paid will be given back to you, and the health benefits (since wala man nagamit) will be given to you. If you're wondering how much the plan amount is, it would be better to talk to a broker, overview ra ni akong mahatag nimo.

Hence, in the illustration, mao na ang yearly health benefits, long term care benefit (plan X 10 years), and long term care bonus (plan compounded by 10% for 10 years).

What if nagamit nimo within the 5-year paying period? The health benefits will be gone so long term care benefit and long term care bonus na lang ang mabilin. Just subtract P175,312 from P503,958 and that's the amount that you might get after 15 years if you decide to take the K-100 plan.

What if after the 5th year ka nagkasakit? It is no longer covered sa health care so you could no longer avail for the health care benefits. However, you could use the amount that compounded for your expenses depending on what year. Whatever amount that accumulated, magamit na nimo.

If you intend to make Kaiser a retirement plan (since dako2 man gyud ta ug makuha after 20 or 30 years time), why not avail for another health care plan so to keep your Kaiser investment safe? Most health care only offer health care and doesn't carry savings which is, for me, ideal to go with Kaiser and is cheaper. But downside lang pud, if di nimo magamit, since wala man siyay savings feature, wala pud kay makuha.

Naka gets nako. Thank you so much for sharing this beautiful concepts of Kaiser Health Care.
It's important to have your own health care.

[Dako Ang Imo...]

Kaiser --> Provides healthcare when you need healthcare the most - when you're older.

so don't wait too long to get one yourself or for your parents while you're still healthy.

You're also right. We must get one for our parents.

[makie]

You're also right. We must get one for our parents.

I would rather opt for a cheaper health care for my parents, kanang walay savings. Why? Because they are older than me. First, the older the person is, the higher the premiums are. Second is that, in my parents' case, they are more than 50 years old so it might be better to invest in other ways for their retirement. Kung Kaiser lang, gamay2 ra gyud sila ug makuha by the age of 60+ or near 70 compared to other investments. And third, the older the person gets, mas madali magkasakit. Sayang ang savings part since magamit ang health benefits.

So kung ako lang, I would prefer a cheaper health care for my parents without savings that will bring basically the same benefits and invest separately maybe in mutual funds, stocks, or maybe start a business in preparation for their retirement.

In my case, it's different. Since I'm nearly half as my parent's ages, Kaiser is much more ideal for me. Naa koy health care sa akong company nga gitrabahoan then naa koy Kaiser. I have no intention of using Kaiser as a health care but rather as an investment. In this case, time is on my side. The longer nga di nako hilabtan akong Kaiser policy, the greater the returns. God forbid, wala lang untay mahitabo sa Kaiser.

[jackdi]

I want to share what I read from en.Wikipedia.org about Health Savings Account. Sige lang mo estorya about Mutual Funds, UN0 (Ang numerong UNO Mangingilad...tan-awa hapi na mawala ), Life Insurance nga walay lami...Post post dayun na seminar sa Life Insurance...murag nindot sad.

Promote...promote...dayun....hay nako....

Nice title!
Catching!
...sige padayon!




OT:
This must be another IMG thread na pod.
Yey!

[wizard_jamex]

I would rather opt for a cheaper health care for my parents, kanang walay savings. Why? Because they are older than me. First, the older the person is, the higher the premiums are. Second is that, in my parents' case, they are more than 50 years old so it might be better to invest in other ways for their retirement. Kung Kaiser lang, gamay2 ra gyud sila ug makuha by the age of 60+ or near 70 compared to other investments. And third, the older the person gets, mas madali magkasakit. Sayang ang savings part since magamit ang health benefits.
.

It's okay that your parents have health care like kaiser so that you don't worry about their status and you have also peace of mind. "Wala na kay daghan huna huna kay you're parents have already health care". At least, if something happen then Dili ka na mabalaka about sa financial although bahalag Gamay.

I hope you get my point.