LevelStock.com: Global Health Voyager, Inc. Introduces New Options to Use Health Savings Accounts for Medical Travel
9/15/2011 4:18:01 AM
Randolph, MA. (LevelStock.com News) is pleased to announce to all of
its members and investors information on Global Health Voyager, Inc.
(OTCBB: GLHV), a full-service, web-based, medical tourism facilitator,
today announced that it will now offer its medical travel programs to
Health Savings Accounts (HSA), a tax-advantaged medical saving account
available to individuals covered by High-Deductible Health Plans (HDHP)
established in 2003. This initiative gives GHV first mover advantage in
the medical travel marketplace, and marks the Company's entry into
business medical travel transactions.
account holders will now have the opportunity to take advantage of a
medical travel option and access high quality healthcare services at
significant savings virtually anywhere in the world," says Ali Moussavi,
president and CEO of Global Health Voyager. "Medical travel promotes
the advantages of personal choice, an underpinning of HSAs, and we look
forward to expanding these opportunities for all Americans."
funds contributed to an HSA account are not subject to federal income
tax at the time of deposit, roll over and accumulate year to year if not
spent, and may currently be used to pay for qualified medical expenses
at any time without federal tax liability or penalty. According to a
recently released report from the trade association America's Health
Insurance Plans, the number of people with HSA Plans has nearly doubled
in the past three years. This year, about 11.4 million U.S. residents
can use the tax advantages of an HSA.
"HSAs apply to anything
where the services purchased qualify on publication 502, issued by the
IRS," adds Moussavi. "Of course, individuals will have to ascertain what
percentage of the money spent on medical travel is credited towards
satisfying their deductible."
HSAs allow patients to receive
needed care without a gate keeper to determine what benefits are
allowed, and make consumers more responsible for their own health care
choices through the required High-Deductible Health Plan.
About Global Health Voyager, Inc.
Health Voyager, Inc. (OTCBB: GLHV), is a U.S.-based full-service
medical tourism facilitator. It extends its worldwide network of highly
accredited facilities and providers to patients seeking healthcare,
surgical, dental and wellness procedures. The company is a one-stop
medical tourism resource, providing consumers, employers, payers and
other intermediaries the ability to choose and access information about a
wide array of destinations, hospitals, procedures and services from one
convenient location. Through established relationships with
international providers, the company has already done the groundwork to
verify the accreditation and experience of the provider organizations.
Certain statements in this news release may constitute "forward-looking"
statements within the meaning of section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements involve risks,
uncertainties and other factors, which may cause the actual results,
performance, or achievement expressed or implied by such forward-looking
statements to differ.
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