Health Savings Account Blog

This is a quote from a guy named Bigalke with the accounting firm Deloite & Touche. But it doesn't take an accountant to understand that if you take better care of yourself and are more proactive concerning your health, you won't spend as much money on medications, doctor visits, and hospitalization. Not only that, but you'll feel a lot better!

If a person under 45 fully funds their Health Savings Account every year, they have the potential to accumulate hundreds of thousands of dollars in their HSA. But it won't happen if they get sick and have to spend all the money.

Health Savings Accounts tend to appeal to people who are forward thinking, who look forward to the future, and anticipate having more money because of what they have saved on their health insurance, and accumulated in their HSA account.

For most Americans, the Grim Reaper is going to come in the form of heart disease, cancer, diabetes, or some form of dementia in which the body is still alive but the mind is gone. Fortunately for those who take a proactive approach, the latest science indicates that at least 80% of cancer is preventable, and at least 90% of all dementia and diabetes is preventable. Heart disease is almost 100% preventable, using strictly lifestyle and nutrition. The same goes for arthritis, osteoporosis, and most other diseases that strike the "elderly".

More and more people are finally discovering that no one will take care of their future, other than themselves. Those who do take responsibility now will reap the benefits of good health and financial independence in their retirement years. In future posts, I'll cover strategies to help you stay young and healthy, so you can enjoy the tax-deferred wealth accumulation your Health Savings Account will bring.

Find more Health Savings Account inforamation at HSA for America