Health Savings Accounts or HSA’s are growing in popularity. Currently, it is estimated that there over 3 million HSA owners, and by 2010, the Treasury Department estimates as many as 45 million Americans will be covered by HSA plans. So what is an HSA, and how can it help you pay for medical bills? With an HSA you can invest tax-free money towards your healthcare expenses. You get to choose the type of investment – anything from savings accounts or money market funds, to a full brokerage house. If you invest wisely, you could have well over $500,000 in the account when you retire. You will be able to use that money to pay for your healthcare in whatever way you please, tax free, under the guidelines established by IRS. If you decide to treat a condition with traditional medicine or alternative medicine such as acupuncture, homeopathy, or psychic healers, you can do that too. Whoever offers you the service you want with the best combination of quality and price should get your business. And since you are the one paying, it will be completely your choice. One of the key aspects to health savings accounts is a system that is responsive primarily to individual consumers, rather than to third-party payers. This concept is known as consumer driven health care. If you do not currently have an HSA-qualified plan, you may want to consider obtaining one before you receive your medical treatment. If you qualify for coverage this may enable you to write off the entire cost of your trip. HSA instant quotes are available from HSA for America.
What can that mean for you? Healthcare freedom! You can get the treatment you want and it is tax free. You can contribute to these accounts and may withdraw the funds at anytime for am eligible medical procedure. Many medical insurance plans do not allow for alternative health treatments or do not pay for getting treatments abroad. An HSA allows you to do this.
3 responses so far ↓
Control Your Health Destiny : Free Health Insurance Quote // November 17, 2007 at 4:25 pm |
[...] Original post by placidway [...]
Mona lori // November 18, 2007 at 3:05 pm |
Tools for consumers to look-up true prices for routine health care services
As a consumer advocate for price transparency, I have created a platform that enables consumers to collect and share prices and recommendations for routine health care services. The site relies on consumer collaboration and is called http://www.outofpocket.com. Consumers can use this site to look-up true prices and find the best value for routine health care services.
Please pass the word along about OutofPocket.com. If enough consumers participate – consumers will have created a powerful tool to help make informed choices before purchasing health care services.
Mona
http://www.outofpocket.com
Dennis Dobecki // November 20, 2008 at 8:22 pm |
Patient advocacy services like INSNET, LLC are available to assist those paying for qualified medical expenses with their HSA. We review and negotiate any medical bill with a patient balance exceeding $200. Our service is risk free, if we don’t save you money on your bill, there is no fee. We’ve been negotiating medical bills for over 20 years and have saved our clients millions of dollars.