Health Savings Accounts: Popularity Increases

I am amazed to see that there is an article, newspaper article or newscast covering the popularity of Health Savings Accounts. I read and write about so many Americans that are so happy to have control over there spending, as well as the alternatives health choices that they can cover with an HSA too.

Health Savings Accounts allow you to set up a tax-deductible account, accompanied with a high deductible health plan, to help pay for medical expenses that are not covered by a low deductible health insurance policy. There are minimum and maximums that qualify a High Deductible as a Health Savings Account. Most common low deductible medical insurance plans don't qualify for tax free status like the HSA does.

Health Savings Accounts are the newest entity of consumer based health initiatives. These types of accounts allow the policy holder to seek virtually any type of medical treatment and service as long as it pertains to the treatment or prevention of a specific health condition. Health Savings Accounts accompany traditional treatment with holistic and alternative health care options.

Choices are what we all want. We have more of them now.

President Bush Has Proposed Expanding Health Savings Accounts (HSAs). "HSAs allow people to save money for health care tax-free, and to take these accounts with them if they move from job to job. In December, the President signed legislation to bring HSAs within the reach of more Americans." - President George W. Bush, State of the Union initiatives, January 23, 2007

Health Savings Accounts: Choice & Freedom

Health Savings Accounts were designed with the consumer in mind. Enabling the participant to choose freely the type of health care they wish to receive and have the means to pay for it. Through Health Savings Accounts and High Deductible Insurance Plans policy holders have the freedom to choose how and when to receive health care while still being covered for catastrophic medical incidence in the future.

Health Savings Accounts: Affordable, Flexible and Control

Health Savings Accounts are coupled with High Deductible Insurance polices that together offer greater security to the participant. Through affordability, flexibility, security and control, Health Savings Accounts and High Deductible Insurance policies provide comprehensive insurance coverage. With the focus being placed on access and affordability this type of policy is structured for everyone under any life or financial circumstance. Those who are currently enrolled in Medicare are not eligible, and while there are a few other eligibility restrictions, Health Savings Accounts are a wonderful option for a vast number of individuals.

Health Savings Accounts: For Almost Everyone

Health Savings Accounts are available to virtually anyone. In order to qualify for a Health Savings Account you have to be enrolled in a High Deductible Insurance Plan. The other major stipulation is that you cannot be a Medicare recipient. Health Savings Accounts and High Deductible can offer huge savings while still providing ample coverage. Should a policy holder enroll in a Medicare plan after participating in a Health Savings Account program, the funds within that account would still be available to the individual.

Health Savings Accounts: Control

Health Savings Accounts give individuals the opportunity to have complete control over their health care spending. With high demand being placed on consumer friendly healthcare and a need for health care reform, Health Savings Accounts fit the bill. With the focus placed on prevention the consumer has the option of seeking out medical treatments that are typically not covered under more tradition health insurance policies. Should you choose a holistic or experimental treatment route your Health Savings Account can be used to cover such expenses and then some.