Health Savings Accounts (hsa): Do They Vary From State To State?
The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.
Is this tool available in all states? And are HSAs in each state the same?
The Health Savings Account (HSA) was passed in the U.S. Congress in December 2003. It was signed by President George W. Bush. That means it is a federal law. The HSA is available in every state in the Union.
However, the availability of the HSA may vary. Since this product is relatively new, not all insurance agents and financial advisors have caught on to it. Many do not know it exists yet, and not all of them offer it to their clients.
But as acceptance of HSAs grows, more and more insurance agents, advisors and even banks are beginning to offer them.
The simplest place to find an HSA is with an insurance agent. I say it is the simplest because it is easiest to purchase your HSA and your high-deductible health insurance policy in one place. If you do not purchase them in one place, you have to provide written proof to the HSA agent that you do, indeed, have a high-deductible policy. If you can't prove that you are insured, and that the deductible is over $1,000 for an individual and $2,000 for a family, they cannot give you an HSA.
Insurance agents are also the most likely to have an in-depth knowledge of HSAs. I haven't tried to get an HSA at a bank, but I think it's likely that the expertise of personal bankers will not be as great as that of the average insurance agent. That's just my opinion.
Health Savings Accounts are growing in popularity every day. They provide an excellent way to save thousands of dollars on insurance, and they are the true solution for the self-employed and the small business owner. And HSAs are available today!
Daryl Kulak is the author of the book "Health Insurance Off the Grid - A Wonderful Way to Use Alternative Medicine and Save Money on Insurance Using the New Health Savings Account (HSA)." The book provides a nine-step plan to get your self-employed or small business health insurance costs under control using a unique approach you won't find anywhere else. The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com
Health Insurance Coverage
Health insurance is something that everyone needs today. The rising cost of visiting a health care provider or a hospital stay makes it imperative that everyone have some type of health care coverage. Government statistics estimate that over 40 million people in America are not covered by any type of health insurance on any given day. That's an enormous number of people who really are taking a financial risk.While most Americans are able to obtain some type of health insurance through their place of employm...(related: Insurance)
Long Term Care Insurance - Low Cost Alternatives For Budget Conscious Seniors!
With Nursing home Cost's running $4,000 to $6,000 a month and outpacing inflation, it is a small wonder that most seniors cannot afford the Long term Care insurance premiums. Their are low cost Alternatives available for seniors who just can't afford the rising cost of these Premiums.Many Seniors even question if they need Long Term Care Insurance. Take a look at...(related: Insurance)
Discount Car Insurance Brokers - Get Amazing Comparisons
To get the cheapest possible quote for your car insurance, your best bet is an online discount car insurance broker. A broker does not deal with one specific car insurance company, but rather searches through every available company to find you the best possible quote. When you contact a discount car insurance broker online, you just supply the information about the make and model of the car, your age and driving record to get the discount ...(related: Insurance)
Health Insurance, What Does It Mean?
Your health insurance policy is an agreement between you and your insurance company. The policy lists a package of medical benefits such as tests, drugs and treatment services. The insurance company agrees to cover the cost of certain benefits listed in your policy. These are called "covered services."Your health insurance policy also lists the kinds of services that are not covered by your insurance company. You have to pay for any uncovered medical care health insurance that you receive. Keep in mind that in case of health insurance a medical necessity is not the same as a medical benefit. A medical necessity is something that your doctor has decided is necessary. A medical benefit is ...(related: Insurance)
Insurance Adjusters How They Work And How They Think
Here comes the insurance adjuster. Is he overly friendly? If so, watch out! It's OK to be hospitable. Be good-tempered and cordial - - but beware! Never forget he's paid to save his company as much money as he can. That's the name of his game.DON'T SIGN ANYTHING: Don't overestimate the good will of the adjuster. They're trained to investigate accident cases in such a way, if at all possible, to make their insured look good. Many unsuspecting individuals fall prey to the adjuster who seeks to protec...(related: Insurance)
Affordable Life Insurance!
So, you've decided to purchase life insurance. Well then, you have made a good decision! If you have dependents, you know that you must provide for them long after you are gone. Buying life insurance shouldn't be a budget buster either. Take a look at the following options which can help you save big time!Shop Online: There are several companies that wil...(related: Insurance)
Bankers Long Term Care Insurance
How many times have you seen people whose life was turned upside down by an accident?When an a...(related: Insurance)
Is Your Financial Security At Risk?
The topic of insurance is not sexy by any means. Perhaps that's why so many people avoid addressing it. Another reason may be a bit more subconscious--the avoidance of future, indeterminable events, in favor of present-day issues with more certainty.You are probably aware that many Americans are vastly under-insured. Home and auto insurance are important, and most people have that covered. What I am referring to, more appropriately, is your (1) life insurance,...(related: Insurance)
Origin Of Long Term Care Insurance
In the early 1980's Medicare started using a system called the diagnosed related group of guidelines for advance payments to hospitals. This has really given hospitals authority and incentive to discharge patients very soon after admission to the hospital.The hospital gets paid the same whether the patient is in 3 days or 6 days. So the hospital can make more money if they free up the bed sp...(related: Insurance)