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#3 written by Art 1 year ago
Health savings account is an EXCELLENT way to reduce insurance cost. I got one myself for that reason. If frigging people would research something before they start mouthing, they might better understand what they are mouthing about. I am just saying that health savings account is an alternative for people who needs inexpenisve coverage.What is wrong with that?
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Health savings accounts are monies that are not taxed when spent on health care. At the end of the year, you sign up for the following year…no monies are put upfront. You need to just save all receipts to prove you spent whatever sum you identified last year as money spent on health care. I don’t think it was meant to make anyone rich…and people no matter what income should be able to comply.
That is my understanding of how it works at my place of employment.
Is it worthless for the hard working Americans? Like my grandmother always said…if you take care of the pennies that will take care of the dollars.