Is a Health Savings Account for You?
Is a Health Savings Account for you? Health Savings Account are growing in popularity. It is not surprising since HSAs have triple tax benefits.
Is a Health Savings Account for you? Health Savings Account are growing in popularity. It is not surprising since HSAs have triple tax benefits.
We have all felt the pinch of rising cost of health care. Our health care costs are on a path to $4.8 trillion by 2021; up from $2.76 trillion in 2010 and $75 billion in 1970. Health care is fast approaching 20% of the U.S. economy.
Do you use FSA or HSA? It depends. Do you have heavy medical expenses? FSAs have lower deductibles and co-pays. Do you need diagnostic tests
Health Savings Account Plans
Your employer may offer a second option of Health Savings Accounts (HSAs). These are coupled with a High Deductible Health Plan (HDHP). Small business owners, self-employed and individuals may also use this program.
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