What Does the FEHB Have To Do With My HDHP and HSA?

What the heck is an FEHB?
If you’ve never heard of the FEHB, you are not stupid, nor are you likely a Federal Employee.   But, if Mr. Barak Obama is coronated, it may be something with which you become aquainted.  Federal Employees represent a giant risk pool against which loads of insurance plans are offered through [...]

If There Is Money Under Your Mattress Put It Into Your Health Savings Account (HSA)Today!

If you are one of those folks who puts money under their mattress, stores it in cookie jars, or maybe you just liquidated a bunch of stock thinking the sky was falling, take all that cash and put it into your HSA account NOW!  I can pretty much guarantee you, it will be the smartest [...]

The End of Prosperity in America? What is an HSA?

After dropping my kids off as school yesterday, I was listening to Bill Bennett’s Morning in America on my way to work.  Earlier in the morning or perhaps the day before, he had a guest on the show who had written a book or an article which discussed “the end of prosperity in America.”  I did not hear [...]

Health Savings Account (HSA) Halloweenie

While out on a bike ride yesterday, I couldn’t help but notice the homes that were decorated to honor this important, holiday tradition.  The creativity would make Walt Disney proud.  In many cases the creativity evidenced, was simply amazing.  There were houses covered with spider webs; yards filled with tombstones; giant inflatable Zombies; grass covered with huge spiders constructed of [...]

Have Health Savings Accounts (HSAs) Gone to the Dogs?

So you’ve had it up to your ears with trying to figure out this whole insurance thing.  You keep hearing all these terms that drone on and on like individual vs. family deductibles, Health Savings Accounts, HSAs, High Deductible Health Plans, HDHPs, Consumer Driven Health, deductibles, premiums, qualifed medical expenses,  tax advantaged, medical IRA, FSA, [...]

Good HSA Legislation – Probably Deaf Ears – What is an HSA?

Senator Orin Hatch of the great State of Utah introduced some good legislation into the Senate in September.  The bill, like all bills has a fascinating title S.3626, and is intended to expand HSA benefits.  Importantly it allows for premiums to funded from HSA accounts, and even more importantly it expands HSA utilization to Seniors with Medicare [...]

HSA Savings Rise – Give Yourself a Pat on the Back Savers!

There are those in our U.S. Government that believe we are incapable of taking care of ourselves when it comes to healthcare.  I think we deserve more credit than that!  A Canopy Financial HSA Market Report released yesterday supports this notion.
The advent of health savings accounts at the end of 2003 give American’s a tool to manage their [...]

Chinese Fortune Cookies and the HSA Mindset

“A Thrifty Man Is A Free Man” From inside a fortune cookie I got in 1982
Good advice during troubled economic times. Good advice during anytime.
There is a great article in this week’s edition of Business Week called, “The New Age of Frugality” by Steve Hamm. It discusses the reality check on spending being imposed on [...]

That Health Savings Account (HSA) You Hooked is Quite a Lunker!

So you’ve just been enrolled in an HSA for the first time, and you feel like you just hooked a big ole nasty pike. It’s big. It’s bad. It’s all over the place, and you are a bit overwhelmed about how you are going to deal with it.

Well it [...]

Sample Of One. The Math Don’t Add Up. What Is An HSA?

Pretty much every article I read on the cost of an annual health care plan says it is $12,000.   And that is only the premium.   The “cover charge” if you will.  For the actual health care, you’ll have to pay some more once you get in the door.   I’m sitting here scratching my head about as my [...]