Submitted by: Steve Klein
Health care costs are continuing to rise and health insurance premiums are unaffordable for many Americans. Health Savings Accounts (HSAs) often offer an affordable alternative for many self employed and individuals who purchase their own health insurance plans.
What is health insurance designed to do? I believe it is intended to limit [...]
Submitted by: Steve Klein
Health Savings Accounts or HSAs are changing every year as contribution rules and covered benefits evolve and improve. Stay informed on the latest information here on my blog.
For calendar year 2009, the annual limitation on deductions under 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan [...]
Submitted by: Steve Klein
Health care costs can be very expensive and the insurance industry can be very difficult to navigate. Moving to a high deductible plan that is compatible with a health savings account or HSA will lower your monthly premium by 30 to 50%. The premium savings alone will often be more [...]
Submitted by Steve Klein
Health Savings Accounts (HSAs) are fairly new to the health care scene and they are growing in popularity. HSAs are tax favoring savings accounts that work in tandem with high deductible health insurance plans. With rising health care costs and rising health insurance premiums, the HSAs offer an excellent opportunity [...]
Many Americans get their health insurance through their employer but millions of us are on our own because we are self employed or our employer does not offer a health plan. Those of us in this category have to go to an agent to purchase an individual health plan for ourselves and our family.
It is [...]
Medical debt is accumulating at a rapid rate and many Americans are struggling mightily to pay their medical bills. This is confirmed by a recent study performed by a private foundation that supports independent research on health care called the Commonwealth Fund.
Health care costs are increasing much quicker than incomes, gas prices have soared, food [...]
The economy is struggling, gas prices are killing your pocketbook, health care continues to get more expensive every year with the cost of monthly health insurance premiums often rising by double digits percentages. It’s a no win situation but here are a few tips to save money on healthcare. In many parts [...]
Many people are unable to access health insurance coverage because it is not offered by their employer or because they are self-employed. Group insurance is almost always more expensive than individual coverage so if the employer is only paying part or even all of the premium for the employee only, it is often less [...]
Understanding health insurance plans and choosing the right one can be very challenging to most people. Complicating matters is the fact that health insurance carriers not only have access to your medical records, they also can obtain a detailed history of your prescription usage.
The two companies that dominate the field of selling prescription information to [...]
New IRS Regulation Drives HSA Procedural Change
New IRS regulations will affect both Employees and Employers in the establishment, funding and administration of HSA accounts. The IRS has clarified when an HSA account is effective: An HSA account must be funded in order to be effective and an account cannot legally exist before the effective date [...]