“It’s Your Money & Your HEALTH ;
Why Not Take Charge of Both TODAY!”
Why Give a Gift HSA?
The Original Gift HSA™ is an individual Health Savings Account (HSA) that can be used to meet the up-front costs of delivered medical services that a new graduate without coverage might incur up to a pre-set out of pocket limit.
Rick Willard and his team developed the Original Gift HSA™ as a part of the solution to accelerate the adoption of Health Savings Accounts across the country.
First HSA, www.1hsa.com, is our HSA affiliate who provides full service administration of all kinds of health savings accounts. The Original Gift HSA™ empowers and protects young graduates by moving them in the ‘healthcare system’, which is most often neglected by those between the ages of 19 to 29.
Parents, Grandparents and other family members and even friends can donate the money to this ‘gift of health’ by, at a minimum, funding the first and second year of a HSA. This ability to fund another person’s Health Savings Account is specifically allowed by the IRS using language from the original HSA law passed in 2003.
An added advantage is the affiliate arrangement with InsureMe.com which seamlessly provides access to state-specific agents who will rapidly contact the applicant in order to help place the required individually-owned, High Deductible Health Insurance Plan (HDHP).
“The Original Gift HSA™, packaged with an HDHP, is one of the most important gifts anyone can give because it empowers graduates with the gift of personal health and it injects a dose of consumerism into our strained healthcare system,” said Willard. “We are doing our part to transform health insurance from a costly benefit, into a product that provides individuals with insurance and in the bargain-better information, and encourages financial responsibility to support a position of ownership and personal wealth.”
The Original Gift HSA™ is an intelligent and caring healthcare solution that works on many levels. The 19 – 29 age group, which is often referred to as ‘healthy un-insureds,’ will benefit from personal HSA’s because historically this group does not incur heavy healthcare expenses in terms of hospital services, doctor visits, or other health related expenses. Essentially this group’s premiums are then freed to help off-set the cost for older individuals, who tend to utilize health services most often.
Most importantly for young people, the Original Gift HSA™ redefines what health insurance means, transforming it from a necessary benefit, but uncertain employment obligation, into an accumulating asset with health insurance protection which is owned by the new graduate.
HSA’s adminstered by First HSA give individuals a sense of ownership of their health account through a shared-savings-model, similar to the concept of the extremely popular IRAs and Employer Sponsored 401ks.
Not only does the Original Gift HSA™ help ease the burden on the current domestic ‘healthcare system’, young people who are job seeking also can use this benefit as a plus for them because they are seen as less of a liability by employers who are looking to reduce their overhead.
We believe that an individually owned HDHP additionally eliminates the financial burden on all prospective employers to provide a substantial Human Resource (HR) and their ‘never-ending healthcare benefit obligation’ to their employee. The Original Gift HSA™ essentially makes the ‘new hire’ more desirable.
