The Health Savings Account allows people to use a much higher deductible on their health insurance, reducing the cost of insurance payments by 40%, 60% or even 80%.
If a man has to pay about $1000/month for his wife and self for low-deductible health insurance, with a high-deductible plan and an HSA, $175 is payable. That's an $825, or 82.5% savings every month, $9,900 a year. That buys a lot of yoga classes, or acupuncture treatments, or massage therapy. Or it can go towards a very nice retirement savings. Or a car after two years. Whatever we like.
The downside of consumer-driven healthcare is that whenever you take over control of a situation, you also have more responsibility. You have control of your healthcare dollar, so you have the responsibility to spend it in the right places. And you need the discipline to do what you know is right. That's often very hard.
But overall, consumer-driven healthcare is a big step forward. In the next two or three years, many Americans will take charge of their own healthcare.
Join the consumer-driven healthcare revolution to save money, to be healthier and have more choice over your own life. |
