In a new article, InsuranceAgents.com discusses the popularity and practicality of health savings accounts.
Chicago, IL (1888PressRelease) January 19, 2010 - In a country without universal healthcare, individuals are forced to get creative when it comes to finding funds to pay for current or future medical bills. While Capitol Hill might have its attention on healthcare reform, Americans can't hope to hold out without any kind of insurance, hoping not to get sick or have a medical emergency before healthcare reform is in place. That's why a new article from InsuranceAgents.com serves to inform readers of the benefits of a health savings account.
The InsuranceAgents.com article, "Health Savings Account: What Is It?" encourages individuals with high deductible health insurance plans to consider the benefits of a health savings account (HSA). An HSA is a savings account that is exempt from federal tax and is established to individuals can pay medical expenses for themselves and beneficiaries.
"For some people a quality health insurance policy is more than enough. However, you have options regarding health care and opening a health savings account might be an attractive option for many individuals out there," according to the InsuranceAgents.com article.
There are numerous benefits to opening an HSA:
• The freedom to choose any physician account owner pleases
• Ability for contributions from the account owner or their employer
• Tax-free withdrawals for qualified medical expenses
• Catastrophic protection from the high deductible health plan
• Lower premiums
• The account owner can choose how the funds are spent
• The ability for the account owner's health savings account funds to grow over the years
• Interest and other health savings account earnings are not taxable on federal tax returns
Before getting a health savings account, however, individuals should consult their health insurance agent first to talk over
their options and whether or not an HSA is right for them.
To find out more information, visit InsuranceAgents.com.
In a new article, InsuranceAgents.com discusses the popularity and practicality of health savings accounts. 
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