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July 13, 2010
Health Savings Accounts Are More Popular Every Year
If you’re looking for a way to lower your monthly health insurance premiums, take a look at what millions of other people have been doing. According to the Employee Benefit Research Institute, the balances in Health Savings Accounts have grown rapidly in the past few years. Consumer-driven health plans, including Health Savings Accounts and health reimbursement arrangements, grew to $7.1 billion last year. That showed an increase of $835.4 million in the last three years.
The number of these accounts has increased from 1.2 million accounts in 2006 to 5 million in 2009. What makes these plans so popular? Health Savings Accounts work with high-deductible health insurance plans. With a high deductible, you typically get a policy that has lower monthly premiums.
People can take what they save in premiums and invest it in their Health Savings Accounts to earn tax-free interest. In addition, they can get tax deductions when they withdraw funds to pay for qualified medical expenses.
Visit HSA for America to learn all about the benefits of Health Savings Accounts and high-deductible health insurance plans. You can also compare plans with our instant online quote engine.
For personalized service, just call HSA for America at 866 749-2039to arrange a no-cost, no-obligation consultation with one of our licensed insurance agents. They can answer your questions, and help you compare HSA plans. Find out why millions of people have already invested in Health Savings Accounts.
Posted by Wiley Long at July 13, 2010 09:19 PM