Health Savings Account-Health Savings Account Info

rorybellows asked:


Do I add this to my total income for the year? Someone please fill me in, I am trying to get a head start here thanks.

Freddy Kozlak

handyrandy asked:


After the bankruptcy of Lehman Bros.yesterday, the stock market is set to plunge in trading today. What about your Health Savings Account? Did you follow the Republican suggestion and invest it in the stock market? Can you say wiped out?

Craig Sudweeks

Mike asked:


Greetings All,
Could anyone tell me the difference between Archer Medical Saving Account and Health Savings Account?
Under High deductible plan, there is an out-of-pocket limitation. Does this mean a taxper is limited to only deduct a certain amount of medical expenses?

Dana Sklenar

Given2Fly asked:


Let’s say you want to keep your Private Insurance. You could choose to “opt out” of the Universal Health Care and go with whatever provider you wished. Those of us who want government coverage can remain in the federal system. If you opt out, of course, no HC tax is take from you, and you could invest in a tax free HSA (Health Savings Account) to cover any premiums ect.
The Universal Health Care insured pool would be smaller, but so would the cost associated with maintaining it, as well as payouts.
Brian – If you have ANY kind of health insurance, you are paying for other’s health costs by association. That’s the point of ‘pooling’ which every insurer bases their business off of. The only way around this is to pay your bills in full out of your own pocket.

Erick Rocha

rye asked:


What exactly is an HSA? In simple terms.

I am about to graduate from college: 22, single, healthy, lean, etc, no serious conditions (just a minor, minor, MINOR heart condition).

Would an HSA benefit me? What does it do?

Soon Altenhofen

babbles asked:


I’m hoping someone out there could tell me where or if I can find individual health insurance with the Health Savings Account for someone living in Brooklyn, Kings County, New York City, NY.

Ping Balding

Left Footed asked:


We are just starting an HRA for one of our divisions (free grant money from the government!) and everyone seems really excited about it. HRA-employer puts money in for them, no wonder why. If a company uses a HSA (Health Savings Account), then the employee typically puts most of the money in the account, but it can be rolled over from year to year and job to job and it earns interest (hopefully!) if you don’t use it all each year for your deductible.

They say this is the new way in health insurance, but in my part of US (Northeast), it hasn’t caught on too much yet. HMO’s are still the way most companies around here are insuring their employees.

Bottom line-have you ever had one or both of these types of accounts, and what did you think of it? Better than an HMO or not?

Thanks in advance!

Joanna