January 10, 2006

Health Savings Accounts Cut Costs

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Health savings accounts cut costs

Brief:

“It’s no secret that I am a big fan of Health Savings Accounts and I recommend them to just about everybody I talk to.”

Now that HSA’s have been available for a while they are starting to gain in popularity. This article provides some key statistics demonstrating this.

  • Insurance Giants like Humana, Aetna, Cigna, United Healthcare have entered the market.
  • HSA customers have accumulated over $141 million in their Health Savings Accounts. This money used to go to the insurance companies or just got lost in the health care system.
  • 45 million Americans don’t have health insurance.
  • People insured by traditional insurance plans (HMO’s, PPO’s, and POS plans) pay an average of $200 more per month in health insurance premium.

Comments:

The hardest part of getting an HSA is understanding how it can help you. You have to give it chance and be patient. If you have a good agent ask questions.

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