Steffen Financial, Inc. in the Press
Educating Clients is Key to Growing HSA Sales
Interviewed by ASJ - March 2011
William Steffen of Steffen Financial Inc., based in Peoria, AZ and also licensed in Florida, explains to his clients that HSAs are a form of "pure" insurance. click here for the complete article
Savvy Brokers Offer Health Savings Accounts to Expand Their Business
Interviewed by Health Insurance Underwriter - August 2010
"I would say about 20% of my prospects are familiar with HSAs," Steffen says. "Still, I find myself having to introduce the concept to get people to think of alternatives other than the typical co-pay concept." click here for the complete article
How Can You Reduce Your Client's Health Insurance Costs? Try a High-Deductible Plan
Written by William Steffen for ASJ - June 2010
The massive layoffs over the past couple of years have left many of your individual clients scrambling to find affordable, private health insurance. Accustomed to being offered a low-deductible, copayment-based, employer-subsidized plan, these new shoppers need your guidance on the realities of soaring health care costs and premiums. click here for the complete article
Health Insurance Tied to Jobs is Vulnerable
Interviewed by Jerry Chautin for the Sarasota Herald Tribune – December 2008
With unemployment increasing, insurance agent Bill Steffen, with Bradenton and Peoria, Ariz.-based Steffen Financial, launched ReplaceCOBRA.com. "The Web site targets the massive layoffs and company closures occurring in this recession," he says. It cites alternatives for "the thousands of people that will now need private health insurance." click here for the complete article
Follow-Up Crucial to Client Retention
Interviewed by Goldenrule/United Health Care – January 2008
Arizona and Florida Health Insurance Agent and broker Bill Steffen doesn’t hesitate to tell you that he takes his job seriously. He also believes all health insurance brokers should consider the same approach.
“You’re dealing with people’s lives, health, and money,” Bill said. “I feel a responsibility to not only get my clients a plan that meets their requirements but to explain how their plan works.” click here for the complete article
Healthy, Wealthy and Wise
Interviewed by Financial Planning Magazine – April 2007
High-deductible policies are often suggested for other forms of insurance (auto, homeowners), and some planners feel this logic should apply to healthcare. “You don’t need insurance to pay for door dings on your car, so you shouldn’t rely on health insurance for small medical bills,” Steffen says, “You can save huge amounts in premiums if you buy pure health insurance. click here for the complete article
Healthy Venture – Small Biz Owners Are Tapping Into Health Savings Accounts (HSA’s)
Interviewed by Small Business Opportunities Magazine – Fall 2007
Financial planner and health insurance agent William Steffen had also been down the same path and was looking for something better for himself and his clients. The Bradenton, Florida resident and president of Steffen Financial, said, “The business owner is always willing to educate themselves on how to do things a better way.”
And what the two entrepreneurs agreed upon is that they could take control of their health care spending with health savings accounts (HSA). click here for the complete article
Reduce Employee Health Insurance Costs…With A Carrot!
Written by William Steffen for Employee Benefit Plan Review – December 2006
One way of alleviating the problem has been for companies to adopt a defined contribution insurance model or Consumer Directed Health Care plan (CDHC) such as a Health Savings Account (HSA). Typical characteristics include raising the deductible and removing the doctor office and prescription co-payments for the plan, in exchange for lower premiums and discounted network pricing for services rendered. While some may feel that this is just another way for the employer to shift costs back on to the employee, others realize that employers can no longer afford these benefit-rich plans—which may be in lieu of higher employee compensation. click here for the complete article
Health-Care Plans Lower Cost, Provide Nest Egg
Interviewed by Jerry Chautin for the Sarasota Herald Tribune – August 2005
The high-deductible plan and savings accounts are part of a consumer-driven health-care movement “making progress with over 1 million owners now across the U.S.,” said William A. Steffen, an independent health insurance broker with Bradenton’s Steffen Financial Inc. “Thousands (are) signing up daily.” He is spreading the word about this new program with evangelistic fervor. click here for the complete article
Health Savings Accounts (HSA’s) - Going Beyond Medical Insurance
Written by William A. Steffen for the Parrish Village News – August 2005
Are you kidding me? Tax-deductible contributions, tax-deferred growth, and tax-free distributions for Medical, Dental and Vision (M.D.V.) related costs for the rest of my life? The ultimate savings account vehicle has finally arrived! This unique triple-tax feature of the new Health Savings Account or H.S.A. separates it from other financial planning vehicles, like the Roth IRA. Baby boomers are now realizing that a large chunk of their presumed “retirement” nest egg is going towards sky-rocketing medical costs due to illnesses and long term care. To combat this problem, the U.S. government has given us a vehicle designed to encourage everyone under age 65 to start saving for those inevitable M.D.V. related costs and release some of the burden on Medicare. The new H.S.A. laws passed in Dec. 03’, enhanced the former Medical Savings Account (M.S.A.), allowing everyone between age 18 and 65 to be a candidate. (Go to www.irs.gov publication 969 for more details) click here for the complete article
New Law Helps With Paying Benefits, Taxes
Interviewed by Jerry Chautin for the Bradenton Herald – March 2005
Steffen believes the health savings account is a more flexible vehicle for increasing your retirement wealth than traditional investment retirement accounts. “No other account gives you the tax trifecta: tax deduction going in, tax-deferred growth (and the possibility of) tax-free distribution,” he said, referring to three benefits you get with health savings accounts compared with only two for IRAs. click here for the complete article
