Health Savings Account-Health Savings Account Info

DAR asked:


already has it as a bill in Congress:

“Dr. Paul’s “Comprehensive Health Care Reform Act” (H.R. 3343) according to DownsizeDC would:

Give you a 100% refund from your taxes of every dollar you spend on medical care, including insurance premiums.
Make it easier for your employer to deposit the money it now gives to the health insurance companies into a Health Saving Account that would belong to you
This money would come to you tax free — you could use it to fund your health care and your insurance premiums
This means your health insurance would belong to you, not your employer
You would have the money to pay small medical expenses with your Health Savings Account, which would allow you to reduce your insurance premiums by buying a Major Medical Plan, instead of a Cadillac Plan
You would also earn interest on the money in your Health Savings Account, tax free — you would get this interest instead of the insurance companies getting it (collecting interest on premiums is how the insurance companies make their money — these profits could be yours instead)
Plus, you would become your doctor’s customer, instead of the government or your insurance company being your doctor’s customer
This would place the consumer in charge, creating competition that would lower prices and improve quality
What do you think?

If you like it, just write to your Senator or House rep to vote accordingly.

Or you can wait to see what you actually get from someone you elect at some point down the road.

What do you think of it?
Michael S, the idea is that you can insure individually but there would be nothing to keep you from having a group option through your employer if people prefered that. However, YOU would be the customer because you are the one in control of where your policy is placed and where your health care is served.
gldm – what about this plan is bad? Do you think it is a harder compromise to reach than any of the other plans any candidate has proposed? Because I think it steps on a lot fewer toes and is much easier to achieve and have benefiting Americans while people argue endlessly about the others.
Michael S. This also gives a full tax credit for what you spend on your own so you can direct pay, and whatever is in your account you direct pay. And you only get a policy if it works for YOU, so they would have to tailor policies which are now much more large employer tailored than individual tailored. The market concept carries to ins cos too. Now they more rarely deal w/ individuals and don’t have to aim their product there.
his divine shadow, what about the health plan? I’m not asking what you think of him as president… or what you think of his various disparate followers…

Julianna Shomin

jbirwin6 asked:


Can an HSA be used to pay for long term care, assisted living facility, etc etc?

Fred