Under this unique approach to Sustainable Healthcare, the only cost to any employee is his or her annual Health Savings Account (HSA) contribution.
The HSA account is funded by pre-tax payroll deduction. Using 2016 contribution limits, this would amount to $128.85 deducted every 2 weeks ($3,350 per year) for an individual or $259.62 deducted every 2 weeks ($6,750 per year) for family coverage. The entire HSA contribution for any given year must be exhausted before employer HRA funds are utilized. However, this is the only cost for any employee. There are no insurance premiums to be paid, outrageous deductibles to be met, or endless co-pays at the doctor’s office.
Therefore, the maximum cost for any employee is the individual or family HSA contribution. Since the HSA is owned by the employee, not by the employer, this is a remarkable benefit for young, healthy employees. This is an especially strong benefit for young healthy Millennials. If you are a young, healthy employee who uses no healthcare over the course of a year, you pay nothing to be fully insured over the course of that year.
Therefore, the maximum cost for any employee is the individual or family HSA contribution. Since the HSA is owned by the employee, not by the employer, this is a remarkable benefit for young, healthy employees. This is an especially strong benefit for young healthy Millennials. If you are a young, healthy employee who uses no healthcare over the course of a year, you pay nothing to be fully insured over the course of that year. The funds deposited into your HSA account remain in your HSA account and roll into the following year where they remain in the account untaxed. The unused funds in the HSA account can be invested and the investment returns are also untaxed. Do this for 10 to 15 years and the annual investment return on the funds in your HSA account can replace your annual HSA contribution being made via payroll deduction. From this point forward, as long as your investment return on your HSA account exceeds your annual contribution, you can elect to replace your payroll deduction with those investment returns. You now pay nothing to be fully insured. This is the path to truly free healthcare, not the socialist schemes being sold to us by the Democrats that will raise our taxes to unmanageable levels and still leave us at the mercy of the bureaucrats who will ration our healthcare. Of course, if you leave your employer for any reason, because you own your HSA account your HSA account moves with you.
This approach to healthcare finance is considerably more affordable than anything currently proposed by either political party. However, this will not occur without your support. Your choice is simple. You can continue to pay endlessly rising outrageous premiums for healthcare insurance that pays for less and less each year. You can continue to deal with a bureaucracy that is unconcerned with your needs. You can put your faith in our elected officials in Congress to finally place your needs and concerns above their self-interest. Or you can join with me and create a movement that will force our elected officials to act in the interest of all Americans. Healthcare is not a blue issue; nor is it a red issue. It is an issue that affects us all. And because it is an issue that affects us all, how we handle our healthcare will define our country. I am asking you to join me in building a better model for healthcare. As a registered 501(c)(3) educational nonprofit, your donation is entirely tax deductible. With as little as a single $10 donation from enough people we can drive a media campaign through print, radio, television and online advertising to force the changes in our tax laws that will enable us to create the funds to exceed our healthcare needs. With your support we will restore the doctor-patient relationship vital to responsive healthcare and eliminate the intrusion of managed-care bureaucrats. Medical decision-making should be between you and your doctor—no one else. With your support this will once again be the case. With your support we can and will have unlimited access to high quality, affordable healthcare. With your support we will build a better future for not only ourselves but for generations to follow. Sustainable healthcare reform is within our reach. Donate now and join us today to make it a reality.
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Thirty years from now, Medicare will most likely not exist in its present form. The accumulation of HSA funds and continued access to the employer's health plan during retirement may consequently be the only protection remaining to prevent depletion of all of the employee's assets by age-related illness.