Saturday, 5 March 2011

Health Savings Account

Health care has become an important matter for debate and change recently, and our attitudes towards health care are being challenged. For instance a Blue Cross Blue Shield health savings account can help you to build up savings whilst gaining a tax-advantage. These savings can then be used for future health care expenditure.
This is a completely different concept to insurance where the money paid in may bear no relation to the care received, and which does not get any tax breaks.
The folks that take out insurance are made up of net winners and net losers - you may pay in a couple of years of premiums and get treatment for the rest of your life. On the other hand, you may pay in for years and never get any benefits at all.

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