HSAs - Get One of Your Own ... Ask TaxMama ... January 30, 2004

Ask TaxMama.Com
Tax Information With A Mother's Touch

Published by Eva Rosenberg, MBA, EA
Volume 6, Issue 244 January 30, 2004


	Cyber Alerts
	January's CBS Marketwatch Articles
	HSAs - Get One of Your Own
	$300 M for Prisoner Release Programs
	Too Responsible, Early Enough
	EIC For Me?
	Business Tax Laws


	More Cars Certified for Clean-Burning Fuel Deduction


	Super Bowl Trivia

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HSAs - Get One of Your Own

It's for Everyone - Even if You're Not Employed

Medical Insurance carriers are scrambling to get certified to offer HSAs in your state.

Finally, a tax advantaged health care program that cuts across all income levels and lifestyles - the new Health Savings Accounts (HSAs) - a real boon for people who pay for their insurance coverage.

The HSAs slipped into December 8th The Medicare Prescription Drug Improvement and Modernization Act of 2003 as a rider sponsored by House Speaker, Dennis J. Hastert. .(Title XII, §1201)

These new Health Savings Accounts are expected attract millions. One of the main differences is that HSAs may be used by anyone, not just working people. That opens these accounts up to the entire population.

If you are paying for your own medical insurance, this gives you the opportunity to raise your deductible as high as you dare, and put the savings into an HSA account until you need to pay medical bills.

For people who rarely visit doctors, this will give you dramatic savings on insurance premiums.

Read the rest of the article to see how it works.

If you already know about HSAs, but are just looking for an insurance provider, click on this link:

When you get to this site - you'll see a box letting you search for HSAs in your area, towards the right-hand side of the page.

Eva Rosenberg
Your TaxMama

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