Lorne Zalesin

A self-proclaimed “serial entrepreneur,” CEO Lorne Zalesin successfully launched five startup companies from the ground level up.

Under Zalesin’s leadership, MyInsuranceExpert.com was formed in November 2006. To date, the company has grown to more than 30 employees and is currently available in nine states. By the end of 2009, MyInsuranceExpert.com will employ 150 people and will be available in 40 states, possibly more.

Zalesin earned a Bachelor of Arts and a Master’s in Business Administration from The University of Michigan.

He is also a graduate of the William Davidson Institute and Massachusetts Institute of Technology’s (MIT) “Birthing of Giants,” an elite educational program focused on successful leadership practices and unique growth strategies for entrepreneurs.
Most recently, Zalesin served as CEO of Bloomfield Hills, MI-based residential builder Bruce Building Company from 2004-2007.

Zalesin is a licensed residential builder licensed residential real estate broker, and is licensed in life insurance and health insurance. He also is the Chairman of the University of Michigan Hillel Board of Trustees.

Great Ways to Save Money-Tax Free

So many people today are looking for ways to save money it’s amazing that very few people understand the advantages of a Health Savings Account. An HSA (Health Savings Account) is a tax-sheltered account that you own for the purpose of paying qualified medical expenses for yourself, spouse, and your dependents.

The HSA allows you to put money away in an account where it can grow tax free on a yearly basis. You have the opportunity to invest funds in interest bargaining accounts, mutual funds, and stocks, which all gains are tax free as well. Many people confuse the HSA with the Flexible Savings Account (FSA) in which all monies must be used during the calendar year of the contribution.

Having a Health Savings Account is a great way to save money for health related expenses before or after retirement. It’s a great solution for health insurance plans that don’t offer pregnancy or birth coverage since you can save for these events in your HSA. In addition, your monthly premiums are usually 20%-30% lower with an HSA.

Some of the great benefits by having a Health Savings Account are the following:

  • Your HSA voluntary contributions are tax-deductible.
  • Interest earned on your account is tax-free.
  • Tax-free withdrawals may be made for qualified medical expenses.
  • Unused funds and interest are carried over, without limit, from year to year.
  • You own the HSA and it is yours to keep – even when you change plans or retire.