4Real Forums: Health Savings Account

Oh, Dearest Mother, Sweetest Virgin of Altagracia, our Patroness. You are our Advocate and to you we recommend our needs. You are our Teacher and like disciples we come to learn from the example of your holy life. You are our Mother, and like children, we come to offer you all of the love of our hearts. Receive, dearest Mother, our offerings and listen attentively to our supplications. Amen.

Active Topics || Favorites || Member List || Search || About Us || Help || Register || Login

Tea and Conversation
4Real Forums : Tea and Conversation

Topic: Health Savings Account

Author

Message

<< Prev Topic | Next Topic >>

J.Anne
Forum Pro

Joined: Oct 24 2006
Online Status: Offline
Posts: 303

Posted: Aug 03 2007 at 4:22pm \| IP Logged

Does anyone know anything about these? We are trying to cut our health insurance costs (outrageous!). I've read great things about HSAs but I am having a hard time figuring it all out.

__________________
Jennifer
http://ascozyasspring.typepad.com

PDyer
Forum All-Star

Joined: Feb 25 2005
Location: Ohio
Online Status: Offline
Posts: 1043

Posted: Aug 03 2007 at 6:38pm \| IP Logged

Funny you brought this up. My husband and his partners met with their insurance broker this week and found out their medical insurance premium rates are scheduled to increase 20% this coming year.

. They are strongly considering combining a high-deductible insurance program with an HSA at his company because insurance is just SO expensive.

He's talking about paying the premiums on the high deductible policy and contribute the savings compared to his current insurance program in employees' health savings accounts. I think employees could contribute to the HSAs as well.

We just can't afford to pay 100% of his employees' medical insurance premiums anymore. He's really quite upset about it, as he really wanted to continue to offer that benefit to his staff.

I googled health savings accounts and came up with this:

Treasury Department brochure on HSAs

__________________
Patty
Mom of ds (7/96) and dd (9/01) and two angels (8/95 and 6/08)
Life at Home

J.Anne
Forum Pro

Joined: Oct 24 2006
Online Status: Offline
Posts: 303

Posted: Aug 03 2007 at 6:50pm \| IP Logged

Thank you Patty. My husband's company stopped contributing to family insurance a few years ago. Our insurance is already high deductible, so it seems like this would be an obvious solution. I salute your husband and his company. He might be the last person out there still offering those benefits.

__________________
Jennifer
http://ascozyasspring.typepad.com

PDyer
Forum All-Star

Joined: Feb 25 2005
Location: Ohio
Online Status: Offline
Posts: 1043

Posted: Aug 03 2007 at 7:02pm \| IP Logged

J.Anne wrote:

Thank you Patty. My husband's company stopped contributing to family insurance a few years ago.

Thank you, but I just want to be clear...they have been paying only for the employees' coverage at 100%, not the employees' families as well. He would love to be able to do that, but...

He's been amazed at the premium increases over the past few years...the people who work there are a pretty healthy lot, but the rates keep going up and up. And they don't want to change carriers all the time either. Ugh, what a mess...

__________________
Patty
Mom of ds (7/96) and dd (9/01) and two angels (8/95 and 6/08)
Life at Home

If you wish to post a reply to this topic you must first login
If you are not already registered you must first register

[Add this topic to My Favorites]

Printable version

Forum Jump

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Hosting and Support provided by theNetSmith.com