Health Savings Account-Health Savings Account Info

texaslibsticker asked:


Instead of nationalized or socialized health insurance, shouldn’t all those promoting choice be backing my plan?

My plan is a medical savings account, which you contribute in to like insurance, but it’s actually an interest bearing savings account, and your insurance card is a bank check/ debit card. Since the account is in your name, you can take it with you from job to job. You can use it for your children, or even use it to take your brother for a check up, and you can use it to take a homeless person in to be de-liced!

Under any current insurance plan, including the socialized and nationalized plans, when you die your insurance coverage dies with you. With this plan, you would simply put it in your will, and include with your estate.

So my medical savings account is all about choice… what do you think?
Nokill, the number of uninsured includes people that refuse to pay for insurance, so with this trillion dollar fiasco is to insure them. Most of those people don’t go to the doctor, they only go when they’re sick, and they don’t get sick that often. I know people that go years between visits, myself included. I
Emma, you’re thinking about people that are already in the unhealthy part of their life, and we can let them be subject to the Obama discussions, or let them finish out their life on medicaid. The amount of money paid into social security and medicare from your paychecks would be a great seed for it, and instead of putting money in the coffers of the corrupt government, put that money in you account and buy catastrophic insurance.

I pay about $8,000 a year for private insurance, but I spend closer to about $700, including medicines. That could go up, or it could go down. But, we had only 3 major emergencies in my kids 18 years of life, probably totaled around 20 grand. But if I had saved $500 a month (CBO’s avarage monthly insurance premium), I would have over a 100 grand in the account.
It doesn’t really have anything to do with abortion, but the liberals want to have a choice, so I figure there should be more choice. Like I should be able to choose whether to wear a seat belt. I should be able to choose if I want insurance. I should be able to choose… I wished I could choose to abort liberals.

Thomas

samoan3d asked:


OK, I have a 6-month old daughter and I am trying to decide whether to put extra money into a 529 account or if I should use that money to pay down and eventually pay off my mortgage (thus freeing up more money for college). Here are my stats followed by my comments on the options I have:
Age: 27
Marital Status: Married
Income: $100k/yr
Retirement: $46k
Savings (incl. Emer.): $35k
Primary Residence: $150k (Left on Mortgage: $100k [15yr fixed@6.00%])
Rental Property: $112 (Left on Mortgage: $60k [15yr fixed@4.875%])

I have health insurance for all my family and life insurance for both my wife and myself.

From what I have seen, the tax savings on 529 plans are really not that great. On the other hand, the tax benefits of my mortgage are minimal because I will probably be taking standard deduction in the coming years.

Please include reasons for your choice. Thank you for you answers.

Roger

lee asked:


My girlfriend dislocated her shoulder while playing volleyball with no health insurance. Her parents health insurance stopped covering her because she had just graduated from college (If your covered through your parents group health insurance most companies will stop coverage after graduating college). Now my girlfriend has to pay this large hospital bill . She is working full time but only making minimum wage and has a lot of expenses. Soon she has an appointment where she will be given a financial evaluation at the hospital to see if she can get any aid in paying the hospital bills (she doesn’t know the total of the hospital bill yet, but she’s guesstimating its going to be over $3,000 because she was sent in an ambulance to the emergency room and took several x-rays etc…). She has her lifetime savings in a bank (roughly $3,000 that she was planning on sending to her grandmother in France to help her grandmother pay for an operation she needs).

My girlfriend makes minimum wage and has a lot of expenses, and with her budget she can only pay approximately $20.00 per month. Nonetheless, she is worried about losing the money she has in her bank account. At an appointment for a financial evaluation, like this one, do they ask if you have a bank account? If they do ask will she be forced to pay the hospital bill with that money?

Any advice or tips on how to deal with this would be appreciated.
Im used to saying her grandmother is in France because thats where most of her family is, but her granmother is in Belgium not France.

Anthony

myfreeforum asked:


I am thinking about buying an HSA. This is the higher deductible health insurance with a tax deductible savings account. What are the drawbacks?

Felipe Zappavigna