Has anyone here switched over from "regular' health insurance or no insurance
- Hi, Kim. A health savings accounts does not take the place of insurance. The amount you can contribute to the account is either $2, 500 or $3, 000 per year. Tax deductible. The exact amount escapes me. Medical bills are not tax deductible until one reaches the 7% aggregate of deductible expenses. By putting money into a HSA, you can deduct, obviously, dollar one. It's used to pay your co - pays if you have insurance, your initial deductible, whatever. It is not a subs ute for a full health insurance policy, but is a great adjunct. Here's more: treas. gov / offices / public - affairs / hsa / - Your back - up policy must have a deductible of "so much" in order to be eligible for an HSA. I think it's $1200
- treas. gov / offices / public - affairs / hsa /
- I have never heard of that, Kim. Not sure how it differs from a regular ol' savings acct. But it does make me think there might be ways to get a large group of people to pool money privately to provide their own insurance. Perhaps it works that way?
- as of July, i am uninsured. just what has to happen for now!. no money honey!
- If you do not use the entire amount that you allocate to a health savings plan, you lose it at the end of the year. Just something to consider
- I did not know there was a health savings account plan available
- Yes I did and, as a former actuary, I think it is an excellent system. It is probably the best model we have today but it can stand some improvements. First, it is coupled with a high deductible major medical plan. Properly arranged, the premiums and all money put into the savings account are untaxed, even by Social Security and Medicare taxes. The savings account is used to pay the bills that are not covered by the insurance, including the deductible. Therefore ALL your medical bills are paid with pre - tax dollars. In addition, you are not paying for the insurer's overhead and profits on the bills you pay yourself, out of your saving account funded with pre - tax dollars. One of the principles of good insurance is to only insure against something that is highly unlikely to happen but if it does, it is financially devastating. Another principle is that the cheapest insurance is self - insurance. An H. S. A. meets that very well. As to the cons, when one starts such a plan, the savings may not have built up enough when catastrophe hits. Newer plans are taking that into account with some supplemental coverage. Another flaw in today's plans is providing first dollar coverage that does not meet the definition of an insurable event principle one. That might be an annual physical. In my opinion, such costs are normal maintenance, like oil changes for your car. They could be conditions to keep one in a better premium cl rather than something the plan covers
Knowledge Base
what are some other alternatives to curing a headache besides medicine? a more natural way? my headache right now is just congestion. do not stare at a computer screen go lay down in a dark room. what seems to have worked for me in the past is to breath pure (medicine online)
is there any medical insurance plan international? that would provide coverage for us medical expenses, in the case of a foreigner?. yes, there is travel insurance. call a travel agent when you book your trip and find out how to purchase it while you are still at home. check with (pain medicine)
i just extracted two of my bottom wisdom teeth and i the doctor didn't give me a prescription for pain relief medicine. can you guys recommend what i should get?. codis, or cocodamol or iburofen. works a treat. this is what i was told in the hospital by nurses. and (individual medical insurance)
Knowledge Base: Medical Insurance
my gf's medical insurance is about to run out. is it possible for me to get her covered under my medical insurance. unless you're married, i do not think that is possible. talk to your insurance agency about it. generally not, unless she becomes your spouse legally. sure, just marry (major medical insurance)
i am looking to obtain a medical insurance policy. any insurance brokers out there want to quote me? i am 21 years old. i have excellent health. 6 foot 160 llbs. 92630 zip code. california. i am self employed. my job offers it. the best way to get medical insurance (private medical insurance)
i have 2 herniated discs in my back and i need to take medicine on a regular basis. is it still possible for me to obtain and medical insurance in order to help pay for my medication? i used to be under my husband's insurance but he p ed away (individual medical insurance)
bing.com / search?srch=106&form=as6&q=uninsured americans harvard since to get anything done we have to put it in the language of the founding slaveowners. no, it the result of the tragic state of our current system of health care. they should buy their health insurance like i do. what about the 40 (short term medical insurance)
as the us moves toward what i think will be government run healthcare, i wonder if people will be able to purchase their own insurance for "better / faster" care? does such a thing even exist in countries with nationalized care? right now president obama says you will be able (short term medical insurance)
Knowledge Base: Major Medical Insurance
i am going to be self employed in the near future and want to start shopping for major medical. i literally know nothing about it. what should i be looking for? what kinds of prices should i expect? any feedback from anyone who has purchased their own major medical policy? (major medical insurance)
this is more like what traditional major medical insurance plans had. otherwise, your family must meet the family deductible even if only one person had the medical conditions. treas. gov / offices / public - affairs / hsa / . yes i did and, as a former actuary, i think (major medical insurance)
34 year old healthy single male without medical insurance gets into major auto accident he only has liability auto insurance cause that's all he can afford. what happens to him? he rents a one bedroom apartment, makes minimum wage & only thing he owns is his 10 year old geo (major medical insurance)
i want to purchase an insurance policy for my 8 yr old american warmblood gelding. i only want major medical / surgical and loss of use, not mortality insurance. does any one know any good policies in the usa? my gelding is used for low level hunters and is valued (major medical insurance)
my wife and i are having a kid and we both have hmos from our individual employers. we both have high deductibles and ultimately similar coverage. a friend who is not in the insurance business recommended we double insure our new born son when he arrives just to insure he (major medical insurance)







