Thursday, May 27, 2010 - 2:12 PM

Health Savings Accounts Overview and Advantages

Health Savings Accounts (HSAs) are growing in popularity, and this will likely continue even with the passage of the health care reform which reduces some HSA benefits. This article from The Best Life blog at usnews.com has a useful overview of HSA features along with some pros and cons.

Please refer to this Health Savings Account post and the Health Savings Account table to find the best HSA rates.

KenBDG5,147 posts since
Nov 29, 2009
Rep Points: 117,067

1. Friday, May 28, 2010 - 3:03 AM

Health Savings Accounts are beneficial to those in good health. It offers a way to allocate money that would be tax deductible and earn tax free interest to cover medical expenses. If you are a sick or high medical use person, the high deductible part of the health plan negates the HSA benefits. Sometimes a HRA (health reimbursement arrangement) plus FSA (flexible spending account) are better than HSAs.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,953