Archive for April, 2009

Where Should I Put My Savings? Different Types of Investment Accounts

Friday, April 17th, 2009

Emma Snow asked: In the big world of investing, it seems we hear a lot about what securities to invest in, but not as much about what types of accounts to invest in. There are so many different types of investment accounts, each covering a different purpose, and new types ...

Considering Health Savings Accounts

Tuesday, April 14th, 2009

Melih Oztalay asked: Since Health Savings Accounts (HSAs) were created by the Medicare bill signed into law in 2003 they are being considered by more and more Texans as a health insurance option. Here is a quick overview on a complicated subject.What's a Health Savings Account (HSA)?They have two parts. ...

Michael Moore’s Sicko Misses the Solution: Health Savings Accounts

Tuesday, April 14th, 2009

Wiley Long asked: Michael Moore's new movie SICKO is a humorous and at times emotionally moving look at the state of U.S. healthcare, but it promotes a solution (government healthcare) that would only make matters worse. Instead of more bureaucracy and government control, we should be encouraging competition among healthcare ...

Tax Considerations Of Health Savings Accounts

Sunday, April 12th, 2009

Melih Oztalay asked: Since Health Savings Accounts (HSAs) were created by the Medicare bill signed into law in 2003 they are being considered by more and more Texans as a health insurance option. Anyone under age 65 who buys a qualified high-deductible health insurance policy can open an HSA. Here ...

How to Reduce Your Hospital Bills

Saturday, April 11th, 2009

Wiley Long asked: The medical industry, unlike virtually every other business, loves to keep their prices secret. They do this, very simply, so they can make more money. Only by shopping your medical care, demanding price transparency, negotiating for the best price, and carefully reviewing your bill can you be ...

A Health Savings Account Can Help Individuals Stay in Control of Their Healthcare Spending

Wednesday, April 8th, 2009

Wiley Long asked: According to an annual survey by the National Coalition on Health Care, the cost of healthcare will continue to increase at a rate of least twice the rate of inflation. Experts project that Medicare funds will be extinguished by 2019, requiring the U.S. government to foot the ...

Using your Health Savings Account for Alternative Medicine

Saturday, April 4th, 2009

Wiley Long asked: Health Savings Accounts allow you to set up a tax-deductible account to pay for medical expenses that are not covered by your health insurance. These include expenses to cover your deductible, and other medical expenses like dental and eyeglasses. But many don't realize that HSA funds can be used ...

How to Save Money on Health Insurance

Thursday, April 2nd, 2009

Vinny asked: Health Insurance is imperative for your daily savings and expenses. One can fall ill at any unexpected time, causing misery and most importantly, if you are not covered with any health insurance policy, it can prove to be quite expensive on the pocket. Economy is bad these days. ...

Year-end Health Savings Account Strategies for 2007

Wednesday, April 1st, 2009

Wiley Long asked: Health Savings Accounts can be an important part of an individuals 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, your money grows tax-deferred like an IRA, ...