FAQs2021-03-17T18:38:02-08:00
Who should join the Amazing CARE Network?2021-07-11T23:45:38-08:00

Those who want to plan well for their future and a smarter, healthier, and more secure  tomorrow by building cash reserves, extending their network beyond family ties, and having access to expert resources.  ACN is also great for anyone providing or managing a loved one’s caregiving, healthcare decisions, finances, and resources. 

How can I make a disbursement?2019-04-23T11:58:26-08:00

Once your bank has been added, go to MANAGE ACCOUNT > Disbursement > New Disbursement > Select Pay Me by Direct Deposit > Select your bank account > CONTINUE > Complete the required fields > CONTINUE > SUBMIT

Can I make changes after scheduling a deposit?2021-06-21T20:25:23-08:00

No, you cannot make changes to a deposit once it has been submitted.  However, you can cancel the deposit then schedule a new one so long as the deposit is in Pending status, and not Processed. Go to MANAGE ACCOUNT > Deposits > All Deposits > Click on the red X of the scheduled deposit you want to cancel.

How do I add a bank account?2019-04-23T11:52:50-08:00

Go to Manage Account > Bank Account > + Add New Bank Account. Complete all the required fields then click on SAVE to add the bank account.

Why do we need Care networks?2021-06-21T20:27:14-08:00

Everyone can benefit from more resources and information to navigate their future and to plan ahead for future needs in later life. ACN facilitates networking to help us remain socially connected and engaged, and promotes knowledge about the aging process and access to healthcare providers, advice, services, and support. ACN also encourages financial well-being so that network members have the funds they need to achieve the goals that are important to them as they advance in years.

What makes Amazing Care Network different from other support groups and services?2021-06-21T20:39:03-08:00

ACN is different in a number of ways. We understand the health, social, and financial factors that underlie successful and positive aging.  Most importantly, we believe growing older should be a shared experience. Navigating the insurance system and the medical system along with the associated emotional and financial challenges requires a network of Amazing people and a plan. We encourage our members to shift their focus to life-enhancing activities and resources management via self-education, care advocacy, and support. ACN recognizes that a longer life will require more savings and better financial capabilities and for that reason, we provide a disciplined platform to segregate and accumulate cash reserves to fund desired services that are not supported by medical and/or long-term care insurance. Enjoy access to education, resources, networks and partners including: Physician Friends of the Family, Medication Therapy Management, Pharmacy Consults, End of Life Support, ACN’s Member community and more.

How is a Care network formed?2016-09-12T18:07:56-08:00

A Care network is formed by a leader—someone like you—and is ideally a minimum of four and maximum of 10 people who are linked to the leader through friendship, business, and/or familial ties. Each network determines its own rules of engagement. For example, collectively the network decides who will be invited to join, what goals will be pursued, when and where to meet, and what will be discussed at the meetings. The leader of the network works with ACN staff to ensure that the Care network goals are being met.  Often, the leader already participates in network(s) of friends and family, so adding information about the Amazing Care Network is a seamless endeavor.

What if I don’t have a network of family or friends but really want to be a part of Amazing Care?2016-09-12T18:07:39-08:00

No problem – you do not have a network to join and you can access all of Amazing Care’s services and partners simply by becoming a member.

How much should I save?2016-09-12T17:57:32-08:00

Generally speaking, you should strive to set aside $30,000–$50,000 by age 80 to provide financial flexibility for a variety of needs. More funds can certainly be set aside depending on one’s preferences, financial situation, and goals.

Suggested Savings

How much should I set aside monthly/annually at an assumed interest rate yield of 3% on my savings?

AGE SAVINGS GOAL ANNUAL SAVINGS MONTHLY SAVINGS
45 $30,000 $482.00 $40.17
45 $50,000 $803.00 $66.92
55 $30,000 $799.00 $66.58
55 $50,000 $1,331.00 $110.92
65 $30,000 $1,566.00 $130.50
65 $50,000 $2,610.00 $217.50
75 $30,000 $5,846.00 $457.17
75 $50,000 $9,143 $761.92

 

How much should I set aside monthly/annually at an assumed interest rate yield of 6% on my savings?

AGE SAVINGS GOAL ANNUAL SAVINGS MONTHLY SAVINGS
45 $30,000 $254.00 $21.17
45 $50,000 $423.00 $35.25
55 $30,000 $516.00 $43.00
55 $50,000 $860.00 $71.67
65 $30,000 $1,216.00 $101.33
65 $50,000 $2,027.00 $168.92
75 $30,000 $5,021.00 $418.42
75 $50,000 $8,368.00 $697.33
When / how can I self-direct my investment?2021-07-11T23:50:19-08:00

A minimum balance of $5,000 is required before members can self-direct their investments. Once the $5,000 threshold is met, the member may invest excess funds via a broker of the member’s choice.

The $5,000 threshold ensures that cash is readily available to the member for payment of products and services that a member may need immediately.

Must I use the funds exclusively for medical-related products and services?2016-09-12T17:49:55-08:00

No, you can use your Amazing Care funds for anything you wish at anytime.

Who decides how my funds are used?2016-09-12T17:49:28-08:00

You decide how to use your funds, including how much to withdraw, the timing and frequency of the withdrawal and how to use your money.

Tell me more about Sterling Administration.2021-07-11T23:56:54-08:00

Sterling is a privately held, woman-owned, financially self-sustaining company with a strong family-oriented culture. Founded in 2004, it administers account-based programs like health savings accounts, FSAs, HRAs, Cobra and the like on behalf of employers and individuals. It is highly regarded for its sterling quality service. Please visit their website for more information: www.sterlingadministration.com.

How do I close my account?2021-07-11T23:47:33-08:00

Please call customer service at (877) 248-7098 or email us at customer.service@amazingcarenetwork.com and we will be happy to assist you.

 

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