If You Want FREEDOM, Use Another Bank
In the beginning of tax-free HSA enrollments they were called Medical Savings Accounts (MSA). We advertised the website but all the enrollments called on the toll-free MSA Quote Line. People really were not using the internet in 1996 like they do today. The first several MSA enrollments that went online 1st for MSA information came from Ames, Iowa. I gave these prospects to a rep named John Kunkel because I didn’t like talking to those nerds, even though I’m from Ames. These people were not searching for MSAs but did go online after hearing MSA radio commercials on WHO Radio in Des Moines. People used to say they couldn’t find anything online except the Muslim Student Association.
If I had a nickel for every time I heard, if it sounds too good to be true – it probably is, I would be a millionaire. Our MSA advertising forced Blue Cross of Iowa to start an MSA program and they were the 1st Blue Cross Company in America to do so. I started Iowa State Bank’s (ISB) MSA program and Blue Cross transferred several hundred MSAs to Iowa State Bank when Blue Cross shut down their MSA program because they said Iowa farmers didn’t want to go tax free and had no interest in saving money. When I 1st met with John Burgeson at Iowa State Bank I told him that MSAs had tax-free deposits, growth and withdrawals. John said, “Say that one more TIME.” So I did and John wrote it down.
When I 1st met John I told him about Republican health care reform with tax credits for the purchase of Individual Medical (IM) insurance and tax-free MSAs. This is back at the turn of the Century and President Trump is finally getting it done today. When John heard of the tax credits he quickly blurted out, “Tax credits! That’s where the government buys!” But, John is a quitter. John in his wisdom decided to shut down his MSA program because there wasn’t software at the TIME to do the accounting. It would have required some low-paid clerk on Iowa State Bank’s payroll for John to continue to be an important part of history and John is just too much of a tightwad to help mankind.
Iowa State Bank is at the foot of the Capitol in Des Moines. The last TIME I saw John Burgeson was in 2007 and I went strolling into his office and threw down the tax-free MSA in Medicare info. That was 10 years ago that we were doing MSA enrollments in Medicare and I have NEVER seen a newspaper story in America about the program and it has been going for 10 years. That has to prove to you that propaganda is worse in America in 2017 than it was in NAZI Germany in 1938.
AARP and the insurance industry hate the MSA in Medicare because the citizen gets some of the Medicare money and that is just unacceptable. Today, senior couples in Wisconsin let the Federal Government pay 100% of their Medicare insurance, they have a ZERO premium, that pays 100% after the deductible with their choice of medical providers and Medicare deposits $5,040 annually into the bank for them in their tax-free MSA. In Medicare it is still called the MSA and not the HSA.
Imagine how much easier it would be to change the world if people like John at Iowa State Bank were not quitters and didn’t make the rest of us do all of the heavy lifting. It is like Iowa State Bank is saying, “If you want tax FREEDOM you have to use another bank that might care about you!” John has the taxation monkey on his back. John gets his marching orders from Iowa Bankers Association which is just a Blue Cross insurance agency in my book. John has now decided his new goal is to be the last bank in America that will aid their customers to go tax free. President Trump would say, “SAD.”
President Trump knows that Obamacare is DEAD!