Cordova Advisors releases HSA Simulator™, a web-based tool for employers, insurance brokers, insurance agents and financial planners. HSA Simulator™ uses a dynamic financial model to realistically illustrate the long-term financial impact of qualified high deductible insurance plans coupled with Health Savings Accounts (HSAs).

“Health Savings Accounts have the potential to create significant savings over time for companies and their employees. HSA Simulator™ provides a realistic picture of how this new health care funding approach compares to any type of health insurance program,” says Cordova Advisors founder, Tom Cochrane. “HSA Simulator™ allows users to generate proposals and test drive this funding approach before making the commitment to change to a consumer directed health plan. HSA Simulator™ also enables users to create an optimal plan design that works for both employers and employees.”

HSA Simulator™ credibly projects plan costs and health care claims over time for each employee based upon his or her demographic profile. Employers can compare plan-wide costs and savings over a 10 year time horizon, and they can also see the impact on plan costs of different HSA and premium contribution formulas. Additionally, HSA Simulator™ provides employees with projections of their HSA balances over the course of 10 years and at their retirement year.

HSA Simulator™ is not affiliated with any insurance product or company. Unlike other proprietary models, HSA Simulator can be used to compare health plans from any insurance provider in any state.

Users can subscribe directly to HSA Simulator™ (www.hsasimulator.com) on an annual subscription basis. Alternative pricing and marketing arrangements are available through affiliate, co-branding and licensing agreements. HSA Simulator™ functionality is also available to insurance companies, HSA custodians and related service providers on an ASP basis.

Cordova Advisors (www.cordovaadvisors.com) is a privately held limited liability company located in San Francisco, CA. Cordova Advisors provides software solutions and consulting services designed to empower individual consumers and employers to make informed decisions regarding HSAs and health care spending.