The Basics of Health Savings Accounts (HSA’s)
Health Savings Accounts (HSA) have been around for awhile mostly offered trough employer provided group health insurance plans. On December 8, 2003 President Bush signed a Medicare bill designed to provide a method for individuals to save some money to cover the costs of future qualified medical and retiree health expenses in a tax-free basis. Health Savings Account offer an additional method of covering health costs to traditional health insurance. HSA’s are savings accounts consumers deposit funds into and use to pay for the costs of qualified health care. HSA make it possible for a person to pay health expenses … Continue reading