HSA and its benefits

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Author

Posted: Tue Mar 16, 2010 9:47 am Post subject: HSA and its benefits

I have some doubts regarding the Health Savings Account. Is it really beneficial for all? Is it an alternative option for a medical insurance policy? _________________ Register Now to have your Insurance queries solved.

Bourbon_ville

Guest

Posted: Wed Mar 17, 2010 5:33 am Post subject:

It's actually a medical savings service that enables you to save on the health or medical insurance premiums. It's tax-guarded.

carol

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Joined: 28 Sep 2005
Posts: 195

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Posted: Thu Mar 18, 2010 8:02 am Post subject:

An HSA is quite like that of the IRA. The medical costs are similar for both the IRA and HSA. The rules governing both of these accounts are also similar.

steven

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Joined: 02 Feb 2006
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Posted: Fri Mar 19, 2010 4:44 am Post subject:

There's a cap till which you may deposit in the HSA every year. Such deposits aren't taxable and you may use them to pay your medical costs any time. You may also use such deposits to pay off your insurance deductible.

roddick

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Joined: 05 Oct 2005
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Posted: Sun Mar 28, 2010 12:52 am Post subject:

Some HSA plans through Anthem Blue Cross cover all preventitive care at 100%. And after you hit your annual deductible they will cover 100% of the costs.

insurancebydave

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Joined: 08 Jan 2009
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Posted: Tue Mar 30, 2010 10:04 pm Post subject:

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