Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: 5853 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122095  
Subject: Re: MSA Madness....NOT?!!!??? Date: 3/31/1998 12:13 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I've been looking into MSA's for several months, and have been frustrated by the limitations that have been mentioned. The companies I looked at that offer MSA's(FlexMSA and Wells Fargo)offered very low interest (I think around 2%) on the savings accounts, and the health insurance policies they offered seemed to have a lot of catches--specifically co-pays *after* the high deductible was met.One good point with both of these places is that you can invest savings in excess of around %$2000--but through brokers they choose.

I already have a high deductible insurance policy, so it p***es me off that the places I already do business with --Trigon Blue Cross and Blue Shield, and Virginia Credit Union--were not interested in administering such an arrangement.

Anyway--end of long gripe. Today I found on the internet a promising source. Called Golden Rule Insurance Company. They offer a high deductible insurance policy with no co-pay. Their Trustee is Northern Trust Inc in Chicago, but they have no problem with customers using a trustee of their own choosing. Also, your savings is put into a money market account and earns 5% interest. Unlike FlexMSA and Wells Fargo, they have not made an arrangement for investing, but the agent I spoke to said they were looking into it.

This company has been offering MSA's since 1993, i.e. before there was a tax advantage. Does anyone know anything about this insurance company?

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Remembrance and Reflections
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.