Considering a Health Savings Account

in Forum: Strategies & Tactics for Getting Efficient

Source of this discusssion: /articles/1394/1/health-savings-account.asp Page description: Health Savings Accounts have begun taking off because they give you the lowest overall costs and maximum flexibility of any health-insurance policy, in exchange for high deductibles. Here’s a guide to evaluating whether an HSA is right for you and your company.

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Oct. 20 2007 at 8:53 PM
Posted by: JonathanPletzke “Quote Reply
This is ideal for anyone that is healthy who has financial resources to cover the deductible. Coupled with a High Deductible Health Plan (HDHP), the HSA allows you to save money for when you might have a medical problem. If you are young, you're less likely to need medical treatments. If you are healthy, there is a good chance that you'll continue to be healthy. This means that the chances of going to the doctor, or more importantly the hospital, are lower. You'll save a large amount on monthly premiums, which you should then put into an HSA qualified savings account (or investment account if you want higher returns). You can choose your HSA separately from the HDHP, and can find comparisons of the HSA accounts at www.BankRate.com. -Jonathan Author, Get a Good Deal on Your Health Insurance Without Getting Ripped-Off ISBN: 978-0-9794-7810-9 www.BestHealthInsuranceBook.com Author, Get a Good Deal on Your Health Insurance Without Getting Ripped-Off www.BestHealthInsuranceBook.com