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Q: Health Savings Accounts Info ( No Answer,   2 Comments )
Question  
Subject: Health Savings Accounts Info
Category: Health
Asked by: hsn4me-ga
List Price: $5.00
Posted: 31 Mar 2006 20:04 PST
Expires: 30 Apr 2006 21:04 PDT
Question ID: 714241
I was laid off recently and am looking into a new health insurance
plan. I've heard about Health Savings Accounts, but from what I've
been able to tell, most health savings accounts require insurance
plans with very high deductibles. Can anyone point me to a good health
budgeting, health savings account site?
Answer  
There is no answer at this time.

Comments  
Subject: Re: Health Savings Accounts Info
From: loisd-ga on 31 Mar 2006 20:16 PST
 
The IRS has some info about HSAs
http://www.irs.gov/newsroom/article/0,,id=97322,00.html

So does this site
http://www.trustar-rs.com/planning/hsa_center/hsa_comparison.htm

This site may be helpful, too:
www.healthsavingsnews.com
Subject: Re: Health Savings Accounts Info
From: jack_of_few_trades-ga on 03 Apr 2006 09:10 PDT
 
I'll toss this out there:
The point of insurance isn't to cover every little expense you'll ever
encounter... the point is to protect you from extreme circumstances
that would put a large or unmanageable burden on you.  A high
deductible isn't for everyone, but I really think most people would be
better off with a higher deductible and a lower premium with most
types of insurance.

The High Deductible Health Plans out there aren't so bad when you do
the math to find out what your medical bills will really be throughout
the year.  Aetna for instance puts $125 (single) or $250 (family) into
the HSA for you every month.  This money is more than enough for the
typical person in a typical year.  If you spend alot more than that,
then the plan kicks in after the deductible like normal insurance, but
keep in mind that a large part of your deductible was already paid by
the HSA.

If you're mildly healthy or better, you should really try the HDHP and
watch your money grow.  I have one and I don't expect to ever pay for
anything medical related again aside from the $37 bi-weekly premium
that is my share.  And I expect that my HSA (invested in a mutual
fund) will be worth a lot when I retire... and it won't cost me a dime
over the $37 premium.

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