Health Savings Account-Health Savings Account Info

healthstudent1 asked:


My employer doesn’t offer a Health Savings Account as part of our benefits package, so is there a way for me to open one on my own?

Omar Louris

texas1234 asked:


Explain why Health Savings Accounts are better than traditional PPO. Why do employers prefer HSA over traditional PPO? Does HSA give patients more control over the care they receive, is their any tax incentives that comes with having HSAs?

Demarcus Hacken

e_arveson asked:


Can I use the money in a health savings account towards the purchase of arch supports from the Good Feet store? What if I get a “perscription” from the doctor/physical therapist? Thanks

Gil Carideo

Jason B asked:


For instance, say someone owes back taxes or is in default of student loans…can the IRS or the government take money out of your health savings account established by your employer?

Kieth Stukes

1908Champs asked:


Basically I am getting a new job with the gov’t that offers a HSA as a form of insurance. The way it is explained to me is that the balance accumulates over the years and after $2000 is in I can divide the money into different funds that I choose(like a 401k) and earn interest. The money can be used tax free for health purposes only until I’m 59 1/2 at which I can use it for whatever I want.
OK, first, this sounds too good to be true, am I right? Second, I would certainly use this while at the same time be covered under my wifes insurance plan. Any idea if I would still be eligible if I was being covered by another plan? And I guess any other pertinent info would be appreciated. Thanks to all responses!

Rosalia Holliday