Friday, April 07, 2006
Health savings Accounts provide the self employed and other individuals a new way to get affordable health insurance. They also let you to pay for your health, dental and vision care expenses with 'pretax dollars'. Affordable health insurance expert Mike Chapman explains when and how Health Savings Accounts can facilitate you save on health insurance and taxes.
Mike Chapman is a self employed businessman with a family of six. He says that heath and medical savings account have saved his family over $10,000 in taxes and $15,000 in lower health insurance premiums last four years. Chapman says that he has gambled at the time of opening HAS. Every dollar we put in the HAS we took as a tax deduction. Chapman said that 'But now we have enough in our HAS to cover health care emergencies, and it is growing tax-free like an IRA. Now we use it to pay for dentist checkups with pre-tax dollars'.
Health insurance fits for all the self employed and particularly for older adults, HASs are grand way to save on health insurance premiums and on taxes The older you are, the more you can save with one of these plans,' Chapman states. 'We have clients in their 50s and 60s across the countries who are not eligible for Medicare that this is the only way they can afford quality health insurance'.
posted by renaa
@ 4:05 PM
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