Nevada Group Health Insurance – A Long-Term Approach in Cost Containment

Knox Associates, a Las Vegas based Employee Benefit Insurance firm is seeing significant premium savings in group Health Savings Account (HSA) qualified health plans.

Las Vegas, NV, March 26, 2007 --( “We have been providing Health Savings Account Qualified plans for the Nevada Self-Employed since 2003; significant premium savings have made these plans a viable option to traditional individual/family health insurance plans,” explained Jennifer Knox, president of Knox Associates. “We are now seeing significant premium savings for Group HSA qualified High Deductible Health Plans (HDHP). For those Nevada Employers who are looking for a long term approach in containing their Nevada group health insurance increases, the solution is here.”

HSA Qualified Health Plans work by coupling a Qualified High Deductible Health Plan (Q-HDHP) with a Tax Advantaged Health Savings Account. The funds deposited to the HSA can be utilized to pay for Qualified Medical Expenses on a tax-free basis and unlike a Flexible Spending Account (FSA) balances roll over from year to year. The minimum Q-HDHP deductibles are $1,100 for single and $2,200 for family coverage. When coupled with 100% co-insurance plans they can significantly reduce the annual maximum out of pocket expenses when compared with traditional Co-pay plans. This is especially true when discussing family plans where there may be deductibles for each family member. The Q-HDHP plans utilize family deductibles where one or multiple family members’ medical costs go toward a single deductible.

“The only draw back to this type of group health insurance is the education process which we feel MUST accompany the installation of the HSA qualified health plan,” says Knox. “We have addressed this through our hands-on, education based enrollment process; we have also partnered with local banking institutions that offer training for employees on group Health Savings Accounts.”

For more information on HSA Qualified Group Health Plans in Nevada please go to For the Nevada self-employed; please visit For more information by phone please call 702.656.5915.

Knox Associates is a Las Vegas based insurance brokerage specializing in providing Health, Life and Disability insurance to Businesses and the Self-Employed. Knox Associates, established in 2003, is a dedicated team committed to providing personalized, five-star service.

Knox Associates, LLC
Rick Knox
702 656 5915