re: #404 Assless ChapJockey

3) Healthcare Savings Accounts - because when you can’t afford to buy health insurance, you can certainly put away enough in savings to pay for that extended stay in the cardiac intensive care unit.

Actually, the way it was explained at the Health insurance meeting I attended yesterday, HSA are available to those who choose a low cost, high deductable insurance plan ($1000.00-$1500.00) and are mainly meant to allow you save up money to help you pay that deductable off. Also, unlike FSA’s, the money you put into a HSA rolls over at the end of the year and earns interest unlike the FSA’s where it’s an use it or lose come the end of the year.

Plus money put into an HSA is pretax and when withdrawn for a valid medical need is also not taxed.