HSA Tax-Advantaged Contributions, Medicare Prescription Drug Improvement and Modernization Act
At HSA Colorado, in association with Insurance Advisors, we are independent agents constantly monitoring the insurance industry for trends and products that best suit our clients. While no one product will fit the needs of everyone, we feel the HSA package will help many Americans regain control of escalating healthcare costs and return medical decisions to the consumer and their doctor. Our independent status allows us to provide our clients with services from multiple companies and therefore find the plan which best fits your needs.
A Health Savings Account is a tax-advantaged bank or savings account combined with a low premium-high deductible insurance policy. It provides a financial planning approach to managing the cost of healthcare. It is designed to encourage the participant to take control of his/her healthcare decisions by building a reserve to fund first dollar medical costs. If the owner and family stay relatively healthy as most Americans do (73% have less than $500 in medical costs each year) the account grows and can eventually be used as a second retirement account. Following are some features of an HSA.
Read more > April 6, 2006, 12:51 pm