Fort
Collins, CO (PRWEB) February 23, 2009 -- As the economy becomes increasingly
unstable, consumers are looking for ways to save money wherever possible -
especially on the high cost of health care and health insurance plans.
According to HSA for America -
a leading U.S. health insurance provider, a large number of consumers
are switching to high-deductible Health
Savings Account (HSA) plans from low-deductible, higher rate health insurance
plans..
When
individuals and families enroll in high-deductible
HSA-qualified plans, their health insurance premiums can be reduced by
as much as 40 percent off of the cost of conventional co-pay health insurance
plans. The switch to an HSA plan may save members thousands of dollars
each year off of their healthcare costs. Plus, HSA plans also help to
reduce the amount of taxes people have to pay each year.
"We're
finding that has been is a huge surge over the past three to four months in
the amount of inquiries and enrollees into our HSA
programs," said Wiley Long, President of HSA for
America. "Our clients are looking for ways to continue to
receive high quality healthcare while also saving as much of their money as
possible. The HSA option is viable for just about every one of our clients
and can help to ensure that they are able to save money and still get a high
level of health care."
Also
according to Wiley, when people enroll in an HSA
plan, they can roll their premium savings into tax-deferred investments
that work similarly to IRAs. "HSA plan members can set aside money in
small increments that can be used for current or future healthcare costs,"
said Wiley. "Just like any investment, they can continue to contribute
to their HSAs for life so that they will have available funds when they need
them, even if they don't need them now." Contributions to the HSA are tax-deductible,
and the money growth is never taxed if it is used for a medical-related expense.
HSA
for America offers a variety of HSA plans for individuals,
families, and small businesses. For more information about plans from
HSA for America, visit http://www.HSAforAmerica.com.
More
About HSA for America
HSA
for America offers a wide variety of tax-deductible HSA
plans for individuals, families, and businesses that help members save
up to 50 percent off of the cost of their medical expenses. These HSA
programs are designed to help members save money while also growing their
savings accounts through wise investments. HSA
for America HSA plans allow members to save money by using
pretax dollars for qualifying medical expenses, including dental expenses,
mental therapy, physical therapy, alternative treatments (such as acupuncture),
transportation and lodging related to medical expenses, non-prescription medications,
and more.
