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October 31, 2005
NY Times article on Health Savings Accounts
Saturdays NY Times had an informative article about HSAs entitled For the Thinking Employee, No-Brainer Health Care Is Passé. More and more employers are beginning to offer health savings accounts to their employees, and the long-term benefits could be quite substantial.
The article points out how the average retiree is expected to need $190,000 to cover medical expenses during retirement, and how HSAs are a terrific way to save for this. It also gives a statistic that we tell our visitors at href://www.health--savings--accounts.com – 73% of all Americans use less than $500 per year in healthcare. Thus, a whole lot of people are over-insuring themselves with plans that have low deductibles and co-pays. They end up paying more for their health insurance than they need to, and they miss out on all the tax benefits that an HSA has to offer.
Posted by Wiley Long at October 31, 2005 06:11 PM