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.
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
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.
Go to Manage Account > Bank Account > + Add New Bank Account. Complete all the required fields then click on SAVE to add the bank account.
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.
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.
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.
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.
Follow this link to Join Now online.
Your Amazing Care account is a traditional interest bearing account. All funds are available to you at all times to be used for whatever purpose you wish. All money contributed is post-tax. The only tax you owe is on any interest paid – just like your checking or savings account. We partner with Sterling Administration because their 17-year history in administering financial accounts ensures that Amazing Care members receive the best service available. You can choose to keep your account within Sterling, or use their brokerage partner TD Ameritrade for reduced fees, or self-direct to another investment account of your choice once a minimum funding level of $5,000 is reached.
No, the account owner must open his or her own account. However, you may transfer or gift funds to another member’s account by logging in to your account and entering the required information in the Gifting tab. Gifts can also be given anonymously if you wish.
ACN charges a modest, one-time set-up fee of $10 to establish a member’s account. This fee is automatically withdrawn from the member’s account when the initial funding is processed.
Some people find they do not need the savings option, but are interested in connecting with other Amazing Care members as well as learning more about the various topics we cover in aging and health care. You can join as an Affiliate member for an annual fee of $200 to attend up to 4 ACN events a year. You will also receive our monthly newsletter via email. If you find you need additional help, you can always become a full account holder to access our partners and resources.
Amazing CARE Network members are required to contribute a minimum of $25.00 monthly and maintain a minimum balance of $100 in their Amazing CARE account. The monthly contribution requirement is waived for members whose account balance is at least $1,000. You can also choose to deposit a lump sum at any time.
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 |
Members fund their account via an electronic funds transfer from their personal checking or savings account. Once your bank account has been added, go to MANAGE ACCOUNT > Deposits > Make a Deposit. You have an option to make a one-time deposit or monthly deposit. Complete the required fields for your selected option then click on SUBMIT.
Yes, you may. Click the “Manage Account”, then “Gifting” to specify how much and to whom your gift should be directed.
Yes, funds remain at Sterling where interest is earned.
Current Interest Paid on Amazing Care Network Accounts
| INTEREST RATE TABLE* | ||
|---|---|---|
| Effective January 1, 2016 | ||
| Interest Tier | Interest Rate | APY% |
| $15,000 or higher | 0.85% | 0.85% |
| $10,000 – $14,999.99 | 0.65% | 0.65% |
| $5,000 – $9.999.99 | 0.20% | 0.20% |
| $500 – $4,999.99 | 0.10% | 0.10% |
| *Interest rates subject to change |
Interest is credited monthly and added to your balance.
No, you may leave the funds in the account for as long as you wish. Any balance left in your account at death will be distributed to the beneficiaries you designated.
ACN charges a modest one-time set-up fee of $10 to establish a member’s account and a $5 monthly administration fee. These fees reflect an ACN discount granted by Sterling and includes your account fees as well as access to exclusive Member content and partnerships. All fees are withdrawn automatically from the member’s account each month on the last business day of the month. Please note that some additional services requested by the member will be charged on a fee-for-service basis from ACN’s partners. You will always be informed up-front what the additional cost of any special services will be.
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 |
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.
No, you can use your Amazing Care funds for anything you wish at anytime.
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.
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.
Please call customer service at (877) 248-7098 or email us at customer.service@amazingcarenetwork.com and we will be happy to assist you.