Please, fill the form in less than a minute. Your connection will be secured. All information we collect is strictly confidential.

Calculation of Monthly Payments: Group Life insurance premiums are most often paid monthly. At each yearly anniversary of a particular group policy, a listing is prepared of the total amount of insurance in force fro that group for each age & sex.

One approach to addressing increasing premiums, dubbed consumer driven health care, received a boost in 2003, when President George W. Bush signed into law the Medicare Prescription Drug, Improvement, and Modernization Act. The law created tax-deductible Health Savings Accounts (HSAs). An HSA is a private bank account which is un-taxed and only penalized if spent on non-medical items or services. It must be paired with a high-deductible insurance plan. HSAs enable mostly healthy people to pay less for insurance and bank money for their own health care expenses. 43 HSAs are one form of tax-preferenced health care spending account. Others include Archer Medical Savings Accounts (MSAs), which have been superseded by the new HSAs (although existing MSAs are grandfathered), Flexible Spending Arrangements (FSAs) and Health Reimbursement Accounts (HRAs). FSAs and HRAs are typically used as part of an employee-benefit plan.