An overview of why Health Savings Accounts are so popular
Traditional Health Insurance
Once premium dollars are spent, they are gone forever, regardless of utilization.
How to Set Up an HSA
Take the money currently spent on existing insurance, and put a portion toward a high deductible plan, with the remainder going into the tax-favored savings account.
Use the savings account to help pay the deductible; then the high deductible medical plan pays for the remaining covered medical expenses.
How Health Savings Accounts Work
High Deductible Health Plans (HDHP) enable you to maintain control over how your money is spent.
