|
Don't despair over the high cost of drugs and medical services any more. We can offer California family health insurance at prices that are reasonable. With a growing brood to suppport, most families don't need a plan that puts a huge dent in the household budget. It is far more costly these days not to have family or individual health insurance in California.
A health savings account may be your answer. You get to contribute money into the special account on a tax-free basis. Those funds may be used to pay for legitimate medical expenses as designated by the IRS. The money not spent in any year may be rolled over to the next year and so forth. Why consider it? If you have a plan where family premiums have a low deductible or no deductible, the premiums can easily approach $1,000 per month or even more. That is $12,000 a year. Having a high deductible of, say, $6,000 brings the premiums down to $500 per month. If you put savings difference into an HSA and only expend $2,000 on office visits and medicine, that will be $4,000 you save for another year and don't pay any income tax on.
We're certainly not saying a high deductible is good for everyone, but a health savings account with California medical insurance could be. There is no maximum or minimum contribution and it makes no difference if you have individual health insurance in California or a family plan. The money can be used to cover copays and deductibles when seeing a physician and receiving treatment. It is your money and, unlike with a flexible spending plan, there is no "use it or lose it" penalty.
High deductibles often appeal to people without California family health insurance, who have financial resources. It is a hedge against serious illness and the devastating costs associated with such conditions. These people know it will cost them no more than their deductible should a health disaster strike.
|
