HSA – Transfer K Patent

Our Intellectual Property Patent Pending Concept for the Enhancement of Health Care Affordability for Americans

HSA-Transfer K – Health Care Affordability for Americans

Problem 1-Health Care Costs: The main concern of Americans today is to lower their Out-of-Pocket Medical Costs.

According to The Kaiser Foundation, the 2017 average group health insurance premium in the US (single covered) for Large Corporations (over 200) is $6,814/yr, with the employee paying $2,120 (31%) and employer paying $4,694 (69%)./span>

For Small Corporations, the comparable comparison found the average yearly cost to be $5,264/yr, with the employee paying $1,276 (24%) and employer paying $3,988 (76%).

In 2016, the cost of healthcare for a typical American family of four covered by an average employer-sponsored preferred provider organization (PPO) plan is $26,944, according to the Milliman Medical Index (MMI).
*An increase of 4.3% in 2017

  Paid By
Health Plan
EE Out of Pocket
@Time of Service
Family 1 $ 700 $ 300 $ 1000
Family 2 $ 5036 $ 964 $ 6000
Family 3 $ 17000 $ 5000 $ 22000
Family 4 $ 63304 $ 11000 $ 73304
Average $ 21510 $ 4316 $ 25826
      • Family 1 uses limited health services—some preventive visits for which they pay nothing out-of-pocket and copays for prescription drugs and office visits.
      • The second family is fairly healthy as well, with similar services, but their oldest child had a single visit to the emergency room (ER) and follow-up visits that cost $6,000, of which the family paid $964 out-of-pocket.
      • Family 3 welcomed a new baby. Maternity care, a hospital stay, and newborn visits cost $22,000, of which the family’s out-of-pocket cost was $5,000.
      • Last is Family 4: The father has a chronic condition that put him in the hospital once, along with multiple visits to the ER and physicians, and multiple prescriptions. The mother also has health issues and the resultant ongoing costs, including specialty drugs. The children have only routine healthcare services. The family’s costs were capped by an out-of-pocket limit of 11,000, but total expenditures were nearly $75,000.

Problem 2-Retirement Savings, needed to pay for Problem 1:

In the furtherance of expanding the use of qualified High Deductible Health Plans (HDHP), any individual having or contributing to an IRA (Individual Retirement Account) could similarly elect to “exchange” their IRA balances to an HSA-Transfer K, which would then maintain all of the current HSA regulations and benefits, including tax free withdrawals in accordance with the Qualified Expenses reflected in Publication 502.

Software Development

In an effort to expedite the transfer, tracking and reporting of Retirement Plan Assets to the HSA-Transfer K to the Plan Employer, Fiduciary and/or TPA, we (HSA Specialists of America, Inc.) will develop programs that will expedite the automated online HSA-Transfer K enrollment, yearly calculation of the employees vested benefit, and eligible HSA-Transfer K amount, including advanced flag notification of the yearly open window opportunity.

In the case of IRA Accounts, we will be the liaison to acceptable HSA providers and assist in the ability for the automated online HSA-Transfer K enrollment and transfer of such eligible IRA Accounts.

HSA Specialists of America, Inc. will be responsible for all partner licensing required to meet the aforementioned stated services.


In keeping with the government’s desire to return the government and Health Care choices to the people, along with the necessity for the taxpayer to be able to make their own personal decisions regarding how their monies will be spent, The HSA-Transfer K would provide for individual engagement of how best to manage either their Health Expenses, by encouraging them to actively participate in the shopping process of deciding what their individual/family needs require, or how the investible portion will be used to handle their future Medical and/or Retirement requirements.

The added advantage of the HSA-Transfer K would be the complete avoidance of taxation when utilized for those HSA approved expenses, as currently shown in Publication 502, which includes the tax free use for Long Term Care, which is already a major concern, as reflected by the significant reduction of available carriers, plans and increased premiums, otherwise out of reach for most Americans.

In addition to the potential Tax-Savings for the public, the promotion of the HSA-Transfer K could provide Group Health Insurance savings to those employer’s that embrace the HSA concept by assisting their employees in the mutual savings of a High Deductible Health Plan.

Higher HSA deductibles typically translate to lesser premiums to both the employer and employee. If employees can be provided with the assurance that they will receive the employer’s assistance in being the co-provider of their deductible through the optional transfer of retirement plan contributions to their HSA-Transfer K account and encouraged to use their new found savings in premium sharing to be deposited into their respective HSA-Transfer K accounts, we may be able to refocus individual responsibility for both Health Care and Retirement and reduce the governments perceived obligations for these otherwise personal responsibilities.

If you would like to view our Patent, you can view it here: transfer-k-patent (Confirmation No 5008)

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