Archive for January, 2009
Saturday, January 31st, 2009
Wiley Long asked: The people who will have the most money in their Health Savings Account are those who fully fund it, put the money in well-performing mutual funds, and stay healthy so they can avoid making premature withdrawals. Diet is the foundation of good health, and the healthiest diet ...
Posted in Nutrition | Comments Off
Friday, January 30th, 2009
Wiley Long asked: If you are self-employed, your income is subject to a 15.3% self-employment FICA tax. Added to a 28% Federal income tax and a 5% state income tax, this could leave you paying nearly 50% of your income to the government. Fortunately, most self-employed people qualify to set ...
Posted in Health | Comments Off
Friday, January 30th, 2009
Wiley Long asked: As Health Savings Accounts grow in popularity, there is growing fear among those who want to nationalize healthcare that they will not be able to put the cat back in the bag. There are already over 3 million individuals with an HSA, and by 2010, the Treasury ...
Posted in Health | Comments Off
Friday, January 30th, 2009
Wiley Long asked: By choosing a Health Savings Account, one is betting on themselves... in a way. If you stay healthy, then with a typical health insurance plan you're just out a lot of money. With a Health Savings Account, not only will you pay significantly less in premiums, but ...
Posted in Health | Comments Off
Wednesday, January 28th, 2009
Jack Morgan asked: In order to have a valid HSA, you must be enrolled in a high deductible health plan (HDHP), have no other health coverage (there are exceptions), not be enrolled in Medicare and cannot be claimed as a dependent upon someone else’s tax return. There are many contingencies ...
Posted in Prescription Eye | Comments Off
Wednesday, January 28th, 2009
Wiley Long asked: A Health Savings Account can be an important part of your tax and money-management strategy. Not only can you reduce your health insurance premiums, but when you fund your account you get a nice tax break. If you stay healthy, that money grows tax-deferred like an IRA, ...
Posted in Health | Comments Off
Wednesday, January 21st, 2009
Kurt Stammberger asked: Jenny Thomas heaved a sigh of relief. A month ago she checked into her local hospital to deliver her first child, but unanticipated complications necessitated an emergency surgery. Fortunately both she and the baby were fine. But if it hadn't been for her family's health savings account ...
Posted in Finance | Comments Off
Tuesday, January 20th, 2009
Wiley Long asked: One of the best aspects of having a Health Savings Account is that you can control your medical care. If you want to have a medical test or procedure done that is not covered by your health insurance, you can pay for it with pre-tax dollars from ...
Posted in Health | Comments Off
Monday, January 19th, 2009
Joseph Jessome asked: To us there really is some truth to the old saying that the less moving parts something has, the better it works.For a lot of folks, when we compare an HSA w/ a PPO. The HSA, more often then not wins out.My wife and I currently have ...
Posted in New Additions | Comments Off
Monday, January 19th, 2009
Joel asked: 1. Consider choosing a Health Savings Account – Health Savings Account’s (HSA’s for short) are becoming increasingly popular for many Americans for 2 reasons: A) Lower premiums and B) Tax breaks.An HSA plan has a lower monthly premium than a traditional copay type plan because the HSA plan does ...
Posted in Finance | Comments Off