The High cost of health insurance. It’s a hot media topic. And it’s a hot personal topic when a family’s insurance premium looks more like a car payment…on a ferrari! Or when a business loses top producers because it can’t afford the overhead on employee benefits.

Waiting for the government to step in? They already have.

A few years ago, government and insurers joined forces to address high health insurance costs. Their solution is called a Health Savings Account(HSA), and it’s perfect for many on my clients.

This month’s blog will cover the ins and outs of HSA’s. Here’s the big picture view for now.

First, you will still have health insurance, from a reliable provider, that covers serious injuries and illnesses - the things you worry about most.

Second, you’re in charge of your HSA. You can use the fund almost any way you like like for health care expenses such as accupuncture, vitamins, insurance deductibles and more.

Finally, you fund the HSA with pre-tax dollars. If you are in the 20% tax bracket, for example, you essentially take $1.20 out for every $1.00 you put in.

Health care coverage, personal control and tax benefits in one package. That’s HSAs in a nutshell. To learn more, come back next week. Better yet, give me a call today for your personal tour of HSA’s.