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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? |
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There is no answer at this time. |
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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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