Health Savings Account Current Rates, News & Information
How Californians with Preexisting Conditions Can Get Health Coverage
Posted in Health Care , Health Insurance , Health Savings Account , Individual Insurance
November 4th, 2010
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Californians with no health insurance and preexisting conditions that would otherwise prevent them from obtaining coverage were given a new opportunity on Monday, October 25th with the debut of a new health plan. This new coverage is designed to bridge the former health insurance model with the new one to be revealed in 2014, which will no longer allow insurers to decline coverage to people with preexisting conditions. 
Can I Use My Health Savings Account for Non-Medical Emergencies?
Posted in Health Savings Account
February 24th, 2009
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Many people are intimidated by the costs involved in medical care. We all know the horror stories about high medical bills forcing people – even those with “good” insurance – into bankruptcy. People with high-deductible health plans (HDHPs) are especially worried, since those deductibles can really add up. So, they go out and get a health savings account, or HSAs, as they are commonly referred to. Health savings accounts are like 401(k)s and IRAs, in that they are accounts you pay money into which is then invested into the stock market. Like 401Ks and IRAs, health savings accounts can be accessed at any time – but there are significant strings attached if you do.
Benefits of a Health Savings Account
Posted in Health Insurance , Health Savings Account
February 24th, 2009
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If you are enrolled in a high-deductible health plan (HDHP) then you qualify for a health savings account.
In case you’re not sure what a high-deductible health plan is, it’s what it sounds like: an insurance policy that comes with very high deductibles that you must pay before you can actually be covered. These deductibles can be so high that they bankrupt those who have to pay them, which is why Congress created health savings accounts, which are designed to help people save for the payment of their health insurance deductibles, should they have to.
Disadvantages of Health Savings Accounts
Posted in Health Insurance , Health Savings Account
February 24th, 2009
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As everyone knows, health care in the United States is an extremely problematic situation. It’s incredibly costly – far costlier than it is in other countries – and many people with what they thought was good health care found themselves sick, and then bankrupt on top of it.
In recent years a law was enacted by Congress to create what are known as Health Savings Accounts, commonly referred to as HSAs for short. The goal of health savings accounts is to get the consumer more invested in his or her health care, and make health care more of a consumer-driven business.