A Health Savings Account can be an important part of your tax and money-management strategy. Not only can you reduce your health insurance premiums, but when you fund your account you get a nice tax break. If you stay healthy, that money grows tax-deferred like an IRA, and can amount to a lot of money [...]
Posts Tagged ‘Health Savings Account’
The Health Savings Account
March 23rd, 2010
admin What is a Health Savings Account (HSA)? An HSA is a tax-advantaged savings account, like an IRA, tied to a high deductible health insurance plan. The health savings account may be used to pay for deductibles, coinsurance and other qualified healthcare expenses (Section 213(d) of the Internal Revenue Code), on a tax-free basis. Unlike other [...]
Health Insurance Plans Covering Maternity
March 14th, 2010
admin Many families are in search of affordable health insurance that will provide maternity or pregnancy benefits. Health carriers offer such plans, but they vary in the amount of coverage provided. Many insurers will not provide benefits to the insured for at least nine months.As with all things insurance related, you must plan ahead. Occasionally, consumers [...]
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