Comments on: The Health Savings Account (HSA) and Can I Do Better Than a Health Insurance Company? http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/ Personal Finance Blog | Money Management | Money Saving Tips Sat, 13 Mar 2010 22:24:58 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Flexible Spending Account (FSA) Reminder for this Year and Planning for Next Year | Think Your Way to Wealth http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/comment-page-1/#comment-1335 Flexible Spending Account (FSA) Reminder for this Year and Planning for Next Year | Think Your Way to Wealth Thu, 11 Dec 2008 12:39:29 +0000 http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/#comment-1335 [...] If you have a Flexible Savings Account (FSA), the end of the year means it may be time to use it or lose it, if you have money left in your account. I had a FSA account for several years, before switching over to a HSA account with a high deductible medical plan. (The HSA is similar to the FSA as far as what you can use it for, but it does have some additional benefits- if you want to learn more about it, you can read my post on my HSA account.) [...] [...] If you have a Flexible Savings Account (FSA), the end of the year means it may be time to use it or lose it, if you have money left in your account. I had a FSA account for several years, before switching over to a HSA account with a high deductible medical plan. (The HSA is similar to the FSA as far as what you can use it for, but it does have some additional benefits- if you want to learn more about it, you can read my post on my HSA account.) [...]

]]> By: Mid-Year Update on My Health Savings Account (HSA)-How is it working? | Think Your Way to Wealth http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/comment-page-1/#comment-525 Mid-Year Update on My Health Savings Account (HSA)-How is it working? | Think Your Way to Wealth Tue, 15 Jul 2008 11:34:48 +0000 http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/#comment-525 [...] you go back and read my earlier post regarding my HSA account, I am saving about $200 a month in premiums, and I previously put about $1000 in a flexible [...] [...] you go back and read my earlier post regarding my HSA account, I am saving about $200 a month in premiums, and I previously put about $1000 in a flexible [...]

]]> By: RC http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/comment-page-1/#comment-292 RC Thu, 08 May 2008 04:07:41 +0000 http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/#comment-292 @ideal: I hope my experience with an HSA is as positive as yours, so far I have no complaints. You are absolutely correct about who pays the "company's portion" of insurance as well. Thanks for commenting about your experience. @ideal:
I hope my experience with an HSA is as positive as yours, so far I have no complaints. You are absolutely correct about who pays the “company’s portion” of insurance as well.
Thanks for commenting about your experience.

]]> By: ideal4investors http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/comment-page-1/#comment-287 ideal4investors Wed, 07 May 2008 03:16:47 +0000 http://www.thinkyourwaytowealth.com/2008/04/29/the-health-savings-account-hsa-and-can-i-do-better-than-a-health-insurance-company/#comment-287 We've had an HSA for two years now-- and we are very happy with it. When I was employed by someone else, my employer paid $12,000 a year for my family plan. And if you think that they were paying for it (and not me with a lower salary) then you must also believe that corporations pay taxes too. Now I have pay around $2,400 a year for my family and have the exact same coverage through Blue Cross. However, my deductible is no longer $250, it's $7,000 for my family. But I get to put that $7,000 into an HSA, pre-tax. And it rolls over if I don't use it, collecting interest tax free. So my out of pocket is $9,400 a year, but get to keep the vast majority of it unless we get sick or have an accident. The plan covers one annual checkup for every member of my family, well-baby visits and mammograms. This is what insurance was meant to be. To pay for the catastrophic stuff, and not the everyday sniffles. We’ve had an HSA for two years now– and we are very happy with it. When I was employed by someone else, my employer paid $12,000 a year for my family plan. And if you think that they were paying for it (and not me with a lower salary) then you must also believe that corporations pay taxes too.

Now I have pay around $2,400 a year for my family and have the exact same coverage through Blue Cross. However, my deductible is no longer $250, it’s $7,000 for my family. But I get to put that $7,000 into an HSA, pre-tax. And it rolls over if I don’t use it, collecting interest tax free. So my out of pocket is $9,400 a year, but get to keep the vast majority of it unless we get sick or have an accident. The plan covers one annual checkup for every member of my family, well-baby visits and mammograms.

This is what insurance was meant to be. To pay for the catastrophic stuff, and not the everyday sniffles.

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