California Health Insurance News 
Articles / Save money and get health insurance benefits at the same time.
08/03/2005
Everyone from young adults to people preparing for retirement are concerned about increased health and insurance premium costs and the good news that they could reduce the health insurance costs and yet save money without sacrificing any benefits is an unexpected blessing.
Not only are the savings available when needed they are also tax-advantaged and can be rolled over from one year to the next and can accumulate to form quite a large nest egg so that if it is needed later, the burden of finding that extra money is taken care of. How is this achieved? By participating in a Health Savings Account.
A further bonus is that the Health Savings Account can be used to pay for qualified medical expenses not covered under the individuals health plan, and all contributions are tax-deductible.
"Too few people are actually aware of the advantages of a Health Savings Account," said David Thau, CEO and founder of Keep it Simple Insurance. "All insurance vendors should make a point of explaining these advantages to prospective clients as part of their responsibility of seeing that the client gets the best deal possible."
