Global Health Voyager, Inc. Introduces New Options to Use Health Savings Accounts for Medical Travel

<p><location value="LU/us.ca.bevlls" idsrc="xmltag.org">BEVERLY HILLS, Calif.</location>--(BUSINESS WIRE)-- <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.globalhealthvoyager.com%2F&esheet=6860800&lan=en-US&anchor=Global+Health+Voyager&index=1&md5=7d8008044f7c839652e6ef23736dd074"><span>Global Health Voyager</span></a><span>, Inc. (OTCBB: GLHV), a full-service, web-based, </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.globalhealthvoyager.com%2F&esheet=6860800&lan=en-US&anchor=medical+tourism+facilitator&index=2&md5=d6e2a07ff1ac4d1be281665b75be37e2"><span>medical tourism facilitator</span></a><span>, today announced that it will now offer its medical travel programs to </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FHealth_savings_account&esheet=6860800&lan=en-US&anchor=Health+Savings+Accounts&index=3&md5=ebfc51d5ba044243a52367208f96da64"><span>Health Savings Accounts</span></a><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FHealth_savings_account&esheet=6860800&lan=en-US&anchor=%28HSA%29%2C&index=4&md5=b7dd7829cb8d457e58a8bf42b5a92185"><span>(HSA),</span></a><span> a tax-advantaged medical saving account available to individuals covered by </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fen.wikipedia.org%2Fwiki%2FHigh_Deductible_Health_Plan&esheet=6860800&lan=en-US&anchor=High-Deductible+Health+Plans+%28HDHP%29&index=5&md5=c60efd8891bdb2d9e62d657384555d8d"><span>High-Deductible Health Plans (HDHP)</span></a><span> established in 2003.</span><span>This initiative gives GHV first mover advantage in the medical travel marketplace, and marks the Company’s entry into large-scale, business-to-business medical travel transactions.</span></p><p><span>"HSA 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 <person>Ali Moussavi</person>, president and CEO of Global Health Voyager.</span><span>“Medical travel promotes the advantages of personal choice, an underpinning of HSAs, and we look forward to expanding these opportunities for all Americans.”</span></p><p><span>The 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 </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.irs.gov%2Fpublications%2Fp502%2Findex.html&esheet=6860800&lan=en-US&anchor=qualified+medical+expenses&index=6&md5=d497178bd68fe415c2ba1b1f30fa5f74"><span>qualified medical expenses</span></a><span> at any time without federal tax liability or penalty.</span><span>According to a recently released report from the trade association America’s Health Insurance Plans, </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ahip.org%2Fcontent%2Fpressrelease.aspx%3Fdocid%3D33714&esheet=6860800&lan=en-US&anchor=the+number+of+people+with+HSA+Plans+has+nearly+doubled+in+the+past+three+years.&index=7&md5=1ababa9eea0aeda66a1b8f35cbeff027"><span>the number of people with HSA Plans has nearly doubled in the past three years.</span></a><span> This year, about 11.4 million U.S. residents can use the tax advantages of an HSA.</span></p><p><span>“HSAs apply to anything where the services purchased qualify on </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.irs.gov%2Fpublications%2Fp502%2Findex.html&esheet=6860800&lan=en-US&anchor=publication+502%2C+issued+by+the+IRS&index=8&md5=f86bb66064c398760ef548d3bde27977"><span>publication 502, issued by the <org>IRS</org></span></a><span>,” adds Moussavi.</span><span>“Of course, individuals will have to ascertain what percentage of the money spent on medical travel is credited towards satisfying their deductible.”</span></p><p><span>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.</span></p><p><span><b>About <org>Global Health Voyager, Inc.</org></b></span></p><p><span><org>Global Health Voyager, Inc.</org><b></b>(</span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.otcbb.com%2F&esheet=6860800&lan=en-US&anchor=OTCBB&index=9&md5=76ec755e90d5753b3f8057854ec07c18"><span>OTCBB</span></a><span>: 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 </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.globalhealthvoyager.com%2F&esheet=6860800&lan=en-US&anchor=medical+tourism&index=10&md5=6327334f3193f1e8786d073ef74cd64e"><span>medical tourism</span></a><span> 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. Visit </span><a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.globalhealthvoyager.com%2F&esheet=6860800&lan=en-US&anchor=www.globalhealthvoyager.com&index=11&md5=aaedc09b6d9cd00bca6ceb716928d1f6"><span>www.globalhealthvoyager.com</span></a><span>.</span></p><p><span><b>Forward-Looking Statements</b></span></p><p><span>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.</span></p><p><img alt="" src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20110914005429r1&sid=acqr4&distro=nx" /><span class="bwct31415" /></p><p><b><org>Global Health Voyager, Inc.</org></b><br /><person>Katelyn Petersen</person>, 201-641-1911 ext. 18<br /><a href="mailto:[email protected]">[email protected]</a></p><p></p><p>Source: <org>Global Health Voyager, Inc.</org></p>