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September 28, 2005
Health Insurance Budget Planner especially useful to Health Savings Account owners
Humana has released a new tool that can help you figure out a health insurance budget which can be extremely useful to Health Savings Account (HSA) owners. Accessible by anyone at www.familyhealthbudget.com, the Family Health Budget Planner guides consumers on just how much is spent on annual health related products, services, and activities.
The Planner takes you through the process step-by-step, asking for information such as current insurance information, how many times the family goes to the doctor, how often prescription medicines are purchased and how often the family visits the dentist, eye doctor or other specialists. It also takes into account costs like vitamins, supplements, health club memberships and weight loss programs.
The Planner then takes all your information and calculates how much you should set aside for the entire year, thereby enabling you to better plan for annual expenses. When I added in dental visits, eye visits, and nutritional supplements, it was shocking how quickly it all added up. Fortunately, I get to pay for all those expenses with tax-free money, since they are all qualified to be used in conjunction with my Health Savings Account.
Posted by Wiley Long at September 28, 2005 07:36 AM