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| The Consumer's Guide to HSAs |
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ISBN: 978-1-883283-46-9
LC#:
2005920570
Author:
JoAnn Mills Laing
Binding:
Paper Trade
Pages:
201
Trim Size:
5.5x8.5
Width:
0.625
Subtitle:
Health Savings Accounts
Series:
Brick Tower Press Financial Guide
Foreign Language:
English
Editors:
Don Mazzella
Preface By:
David F. Durenberger/William West
Illustrations:
B/W Photos
Publication Date:
Mar-05
Distributor:
Major Wholesalers
Type:
Nonfiction
Price: $14.95
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...HSAs can drastically loweran employer's costs of providing employee health benefits. This may allow more small businesses to offer such benefits." -Fed Brock, The New York Times
"These accounts give workersthe security of insurance against major illness, the opportunity to save tax-free for routine health expenses, and the freedom of knowing you can take your account with you whenever you change jobs." -President George W. Bush
"Laing's new book (The SmallBusiness Guide to HSAs) lives up to its name...an excellentexplanation of how HSAs work..." -Greg Scandlen, The New York Post
A breakthrough in health care for employees and employers alike, HSAs stand for "Health Savings Accounts." As of Januar y 1, 2004, HSAs are a new option from the U.S. government, similar to an IRA, offering individuals a new, tax-sheltered way to accumulate savings. Tax-free dollars in HSAs may be withdrawn instantly for qualified medical expenses, rolled over without penalty for spending in future years, or invested, to accumulate savings to pay for health needs after retirement. As 73% of all Americans spend $500 or less on medical costs each year and most of us want to save for future health care and retirement needs, Health Savings Accounts (HSAs) make sense for many of us. The consumer wins with a tax-advantaged account for medical expenses, which is portable, and grows tax-free, just like an IRA; and wins again with using the lower-cost, must have, high-deductible health policy. The 'Consumer's Guide to HSAs' answers the question "What's in it for Me?" But responsibility doesn't stop there. You must read your medical reports, check statements, and count your pills carefully. Ask questions. Keep records for future use, and soon you will realize as much of the benefits of consumer-driven health care and HSAs as possible. " |
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