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No HSA for Us, for Now

When I first learned that my wife’s employer will provide a high deductible health insurance plan next year, I was quite happy that the option is finally offered because using such a plan ($3,000 annual deductible for a family) can 1) save us on health insurance premium now; 2) save money on future health care […]

Getting a HSA Account?

It’s the open enrollment season again and next year my wife’s employer will start to offer a high deductible health insurance plan (HDHP). This means we will have the chance to take advantage of the Health Savings Account.
From the material my wife received last week, the high deductible option has $1,000 deductible for a […]

More on Health Savings Account from Kiplinger

In late December I wrote a piece on how to use health savings account (HSA) to save money on health care in the future. Today, an article appeared on Kiplinger's Personal Finance website further illustrated the idea of using HSA as a financial planning tool rather than simply a health care account. According to the […]

Health Savings Account: How You Can Save Money with and Profit from It

The Health Savings Account (HSA) by definition, according to the Treasury Department, “is an alternative to traditional health insurance; it is a savings product that offers a different way for consumers to pay for their health care.” And it is created to help you “pay for current health expenses and save for future qualified […]

50 Ways to Save on Medical Bills from CNNMoney

First, I'd like to remind you that I am having a small "Investor Psychology Contest" with a prize of $20 before 4:00 pm this Friday. If you are interested in participating, click here and leave your best guess of the closing number of the Dow on November 22nd. 
Ok, now the main story.
For many of […]

No Immediate Danger of Our Health Plan

During our last visit for a scheduled checkup, we were informed that our help plan, Aetna HMO (we didn’t choose PPO or POS plan mainly because we are still young, in good health, and only use our doctor for annual physical), will no longer be accepted by the hospital. The reason, as we heard from […]

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