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May 06, 2010
Health Savings Accounts Help You Get Your Money’s Worth
With the new healthcare reform legislation, not only will more people be protected by medical intervention, but the quality of medical treatment will also improve. The U.S. Health and Human Services Department will have two years to set penalties on hospitals with high readmission rates. That will encourage hospital staff to be sure you’re healthy enough to leave the hospital when you’re released. In other words, you’ll get your money’s worth.
Health Savings Accounts can also help you get your money’s worth by allowing you to earn interest free from taxation. You can deduct more of your health-related expenses from your taxable income, and lower your taxes with a Health Savings Account (HSA).
The healthcare reform legislation will also help you get the most for your healthcare dollars by requiring insurance companies to reveal how much of members’ premiums they spend on medical care, as opposed to executive salaries or other administrative costs. Next year, insurance companies will owe their customers a rebate if the insurers spend less than 80 percent on benefits for people in individual or small-group plans.
With health insurance and Health Savings Accounts becoming better values, it’s time you learned how you can benefit from a HSA insurance plan. You can use our “How To Use an HSA Guide,” or schedule a no-cost consultation with an independent licensed insurance agent. At HSA for America, you can find a wide range of insurance because we’re independent agents. Since we’re not bound to one company, we can look for the best plan from different companies to protect your health and your dreams. Call us at 866 749-2039 to schedule a no-cost consultation with your own Personal Advisor who you can rely on for as long as you’re a client.
Posted by Wiley Long at May 6, 2010 01:55 PM