Insurance

Insurance - All The Information You Need On Insurance

Health Savings Account (hsa): Do I Lose It At The End Of Each Year?


Insurance

The Health Savings Account (HSA) is an amazing tool to reducehealthcare expenses and insurance costs.  But do you lose it atthe end of each year, like with a Flexible Savings Account (FSA)?

Thank goodness, no!  You do not lose your HSA money at the end ofeach year.

Health Savings Account were created specifically to be BETTER thantheir predecessors, Flexible Savings Accounts (FSA) and Medical SavingsAccounts (MSA).

Your HSA does not have to be used up within the year.  In fact,the money can just build and build each year if you don't need it. Itwill be there for your health crisis if that ever happens.

If you never have that health crisis (and I hope that's the case foryou!) then you will have a nice little nest egg built up ofyear-after-year of health savings plus the interest earned.

I really like the term "Health Savings Account."  I like itbecause it says that you can save by being healthy. The healthier you are, the more money you'll have left in that accountwhen you retire.

And speaking of retirement, your HSA will act like a nice IndividualRetirement Account (IRA) as soon as you reach age 65. You'll be able towithdraw money without penalty for any reason you wish.  (Butyou'll still have to pay tax on withdrawal, just like with atraditional IRA).

My advice to you is put the maximum amount into your HSA everyyear.  The money will be there for you if you have a healthcrisis, and it will be there for you in retirement if you manage tostay healthy year-after-year.

Good luck with your healthcare, your health insurance and your HSA!


Daryl Kulak is the author of the book Health Insurance Offthe Grid.   This easy-to-read book provides a simple,detailed plan to reduce health insurance expenses by thousands ofdollars for people who are self-employed, unemployed orunderinsured.  The book is available at the Website:   http://www.healthoffthegrid.com







Car Insurance Rates   |   Dental Insurance   |   Health Insurance   |   Home Owner Insurance   |   Life Insurance Quote



| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |











The Life Insurance Plan Online
Thank goodness the internet age has arrived helping us to find a life insurance plan online. Manually quoting policies was very time consuming and frankly discouraged the broadest recommendations because of so much work involved. Today finding a life insurance plan online is actually quite easy.You'll be able to research different kinds of coverages, amounts, underwriting requirements and etc. If you go ...(related: Insurance)


Life Insurance Information
Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Life Insurance is an insurance that is taken out against a persons life. It will pay out either a lump sum or monthly contributions to the "trustee" or next of kin in the event of the policy holder's death.Life insurance is, as the name implies, an insurance policy taken out on an individual's life. As with any other insurance policy, regular premiums are paid by the policyholder to the insurance company - and should the policyholder die, then the policy will pay...(related: Insurance)


Disability Income Insurance Can Meet All Your Financial Needs
Disability income insurance can cover you in the event of a severe accident or illness but, it really depends on how much disability income ...(related: Insurance)


Health Savings Account (hsa): What Happens To It When I Retire?
The Health Savings Account (HSA) is a great tool that is going to helpus all reduce our health insurance costs and avert the currenthealthcare crisis in America. But what happens when a personretires? What use is an HSA then?Your HSA transforms itself at that moment you turn 65, when youofficially become eligible for Medicare. Your Health Savings Account,which will have served you all those years as a nice financial cushionbefore you begin using your insurance policy, flips into something very similar to an Individual Retirement Account (IRA).<...(related: Insurance)


Useful Tips On Reducing Insurance Costs
Most people want lower insurance costs but are often too lazy to do anything about it. All it takes is a little time and effort and you could be looking at a reduced insurance premium.Here are some useful tips on reducing insurance costs:Shop AroundAlthough it may sound an obvious thing to do, you will be surprised at how many people just renew their policy without comparing prices. It'll take some time, but could save you a good sum of money.Check consumer guides, insurance agents and online insurance quote services. Ask friends what they are paying for their policies. This will give you an idea of price ranges and tell you which companies have the lowest prices. But don't cons...(related: Insurance)


The Awful Truth About Annuity And Insurance Leads
You see the websites, you see the ads: exclusive, never before sold, prospects eager to buy, insurance and annuity Leads. Some leads cost a few dollars - others are over one-hundred a pop.I was curious, just how good are these insurance and annuity leads? I decided to find out.I'm not going to name specific insurance and annuity lead websites, but I will give you a summary...(related: Insurance)


Motor Insurance With Pass Plus
Is pass plus really worth it? What motor insurance discounts are available to people who have passed the course? Is it easy?In the UK, pass plus is run by the driving standards agency who administer the course. Pass plus was set up by the DSA in conjunction with isnurance companies who wanted to reward young drivers who took a responsible attitude towards tehir safety on the road.The course consists of six varied one hour lessons. You can only take the course once you have passed your driving test. Your driving instructor has to be recognised to be able to instruct on the course.The process is that you take six lessons. Each lesson is designed to educate newly qualified drivers in ...(related: Insurance)


Cheap Insurance - Ten Ways
Cheap insurance? Auto insurance, life insurance, health insurance, liability insurance - whatever type of insurance you need, you can buy it for less. Try the following:1. Raise you deductible. Why have a $100 deductible if a $1000 deductible won't break you? It may hurt to pay the first thousand someday, but what if meanwhile you saved several thousand? High deductibles mean lower rates. Of course, get quotes with various deductibles, to be sure you're saving enough for the higher risk.2. Lower your coverage. Insurance agents secretly admit that people usually get sued according to policy limits. You'll be sued for more if your limit is a million than if it's a hundred thousand. A judgement beyond the polic...(related: Insurance)


How To Reduce Car Insurance Premiums
Here are some useful tips on how to reduce car insurance premiums. Firstly, you need to find a sense of balance between coverage and cost. Apart from negotiating a good deal, there are some other things that you can do to furth...(related: Insurance)






Google




Term Life Insurance Help
Life insurance can be a very scary thing. If you buy insurance when you're 30, but don't die until you're 90, chances are you're going to come out on the loosing end of insurance. ...(related: Insurance)

Business Insurance ? And What You Need To Know
Getting your business up and running is exciting, challengingand hard work. You're finally making money ? and you are thedriving force that is making your business grow. But have...(related: Insurance)

Auto Insurance Information Online - Compulsory Auto Insurance
In 47 of the 50 United States, it is illegal to take a car onto the road without auto insurance. Compulsory insurance laws protect the public from the expenses of injuries and property damage resulting from a car accident. The states that...(related: Insurance)

site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance