A health savings account, or HSA, is exactly what the name implies: a financial account that can be used to save money for future medical expenses. These accounts, combined with a high-deductible health insurance plan, also offer certain income tax breaks that make them even more attractive.
But which health savings account offers the best deal?
The
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When deciding whether to rent or buy a home the most important criteria to consider is lifestyle.
If you’re traveling a lot, you may not want to be tied down to a house. Even if you tend to stay close to home it’s likely you’ll begin to tire of home maintenance chores within the next decade
Continue reading Your Lifestyle is the Most Important Consideration When Deciding Whether to Rent or Buy a Home
Preventative medicine is an investment in the quality of your life. Not only does it decrease the probability of a future serious illness but it also substantially reduces your future health care costs.
Heart disease, diabetes and cancer contribute to a large number of illnesses, disabilities and deaths. They’re also some of the most costly conditions
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When you have low premiums for your health care you give up a lot of expensive medical coverage – you are self insuring more as you transfer the risk from the insurer to yourself.
To protect your assets, it’s important that your insurance policies give you enough coverage in case something horrible happens to you or
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There are several regions in the world long-known as having high rates of people who live to be 100 or older. These areas are known for having people who are healthier and, consequently, have high longevity rates. Included in the list is Okinawa, Japan, the Nicoya peninsula in Costa Rica and the Greek island of
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Only 10 percent of patients try to reduce their medical expenses by negotiating with hospital or doctor. However, research shows that 60 percent of those who do negotiate are successful in getting a discount.
Hospitals and doctors are able and willing to negotiate because their posted prices bear little resemblance to their actual expenses.
Continue reading Negotiate to Reduce Medical Expenses
To cut your health care costs doing a little research can help you to find the care and preventative measures that are truly necessary.
You can skip unnecessary scans and elective plastic surgery. However, it’s important to get recommended screening tests for cancer and other diseases, as well as immunizations that can prevent illnesses like the flu.
Visit the Agency
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Information
Prevention and Wellness
Visit the Agency for Healthcare Research and Quality and click on Prevention and Wellness for health care prevention tips.
Also visit the Agency for Healthcare Research and Quality U.S. Preventative Services Task Force’s recommended tests to get the government’s latest recommendations, including how often to get your blood pressure checked and when to have
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Save money by taking care of yourself. Save health care dollars by spending a relatively small amount by making these lifestyle changes:
1. Take the preventative tests appropriate for your age and gender. Visit Agency for Healthcare Research and Quality and click on Prevention and Wellness for more info.
2. Take your prescribed medication.
3. Floss.
Continue reading Healthy Lifestyle to Lower Health Care Costs
In 1950 health care accounted for 4% of consumer spending. In 2004 it accounted for 17%, as much as food and clothing combined (Employee Benefit Research Institute, 2005).
The problem is that health coverage is tougher to acquire by traditional means. In 2007 only 60% of Americans had health coverage through an employer health
Continue reading How to Buy Health Care Insurance