Why nearly everyone can benefit from owning a Health Savings Account
The most important reason for owning a health savings account is the ability to use “tax-free” dollars to pay for healthcare expenses. While traditional health insurance plans use “after tax” dollars to pay for medical expenses; HSA-qualified plans used tax-free dollars from your HSA.
So how do you compare the two options when it’s like apples and oranges?
Read this educational article written by Bob Hopper, Ph.D. and published by the National Association of Health Underwriters. Learn about the “common currency” that helps you compare HSA’s to traditional health plans and what he calls, HSA Magic!
Worth Noting: In 2009, Bob wrote a very informative and easy to understand article about the power of HSAs, comparing HSAs to hybrid cars. (read more)