Each calendar year around the first of the year something significant takes place. It happens without any help from our government politicians, health agencies, or media outlets. Each year a significant number of businesses switch from traditional comprehensive health insurance to more sensible health savings account.
While presidential candidates were proposing complicated and far-reaching health-care reform many insurance companies, doctors, HR departments, and insurance agents had already discovered and started using what could be the answer to America's health care challenges. In 2003, a high deductible health plan (HDHP) was combined with a health savings account (HSA). Many have quietly been taking advantage of this remarkably simple and affordable healthcare combination.
Once understood, anybody who currently purchases health insurance for themselves or others will immediately see the great value of this combination as compared to overpriced comprehensive insurance. Simple economics is why this quiet revolution has begun, starting with the first people to be exposed to it, self-employed doctors and insurance agents, and now rapidly spreading throughout the business community.
With this combination of HDHP and HSA even the smallest of small businesses and the largest of corporations can afford to offer their employees health protection in a much smarter way than ever before, thereby providing insurance to even more Americans. Individuals without employer-provided or government-provided insurance, such as the self-employed, can also afford to have security against catastrophic injury and illness. And there is even room for the government to utilize this new system to distribute healthcare dollars however it wishes without the current hassles and bloated bureaucracies involved in regulating, pricing, and policing every aspect of healthcare.
An HDHP provides a high deductible health insurance policythat begins paying for medical care after a highly adaptable has been met by the insured. a deductible may be $1100 or more, depending on the price you or your employerare willing to pay for coverage. HDHP is much like real insurance because it typically is only used for catastrophic illness or injuries and not for routine care. normal doctor visits and non-catastrophic care this page from a bank account that is specifically set up for healthcare. This account, called in HSA is setup by the insured or by an employer. The money is deposited tax-freeby the individual, employer, The government or a combination of the three. With all three cases, the individual owns the account and can spend the money on almost any healthcare expenses they wish. no matter who contributed to the account, the money belongs to the individual and never expires.
Avoiding a complete takeover of the healthcare industry by the government can be done with the use of HDHPs and HSA. It would eliminate managed-care and comprehensive medical insurance, taking with it the tremendous challenges and has brought to our nationwith its massive insurance bureaucracies, complicated insurance plans, skyrocketing health care costs, and restrictions on both patients and doctors. Doctors, hospitals, and pharmacies would all compete for healthcare dollars that the patients themselves control, freed from artificial price inflation and extra payroll costs caused by comprehensive insurance. The complexity of modern health insurance would be replaced with a nearly unimaginable return to simplicity.
Ending managed-care and comprehensive medical insurance would be simple with the HDHP HSA option. the option would also eliminate the havoc brought to our nation with massive health-care bureaucracies, complicated insurance plans, skyrocketing prices, and the restrictions put on patients and doctors. Patients could then control their healthcare costs. market forces would then cause a rise in competition for price, while at the, and the innovation of doctors, hospitals, and pharmacies as they would be competing for the health care dollar. Patients could free themselves from artificial price increases and extra payroll costs from comprehensive insurance. Government takeover of healthcare could be avoided with the use of HDHPs and HSAs. this simple change would allow for a more simplistic healthcare system.
This combination of HDHP and HSA has the potential to tear down the restrictive bureaucracy and escalating costs of our current healthcare model and completely revolutionize the way healthcare in America is funded and accessed. The results would be more freedom, lower costs, less bureaucracy, and more people insured - a winning solution for citizens, businesses, and the nation.
For more information about HSAs goto http://www.ustreas.gov/offices/public-affairs/hsa/faq.shtml - 15224
While presidential candidates were proposing complicated and far-reaching health-care reform many insurance companies, doctors, HR departments, and insurance agents had already discovered and started using what could be the answer to America's health care challenges. In 2003, a high deductible health plan (HDHP) was combined with a health savings account (HSA). Many have quietly been taking advantage of this remarkably simple and affordable healthcare combination.
Once understood, anybody who currently purchases health insurance for themselves or others will immediately see the great value of this combination as compared to overpriced comprehensive insurance. Simple economics is why this quiet revolution has begun, starting with the first people to be exposed to it, self-employed doctors and insurance agents, and now rapidly spreading throughout the business community.
With this combination of HDHP and HSA even the smallest of small businesses and the largest of corporations can afford to offer their employees health protection in a much smarter way than ever before, thereby providing insurance to even more Americans. Individuals without employer-provided or government-provided insurance, such as the self-employed, can also afford to have security against catastrophic injury and illness. And there is even room for the government to utilize this new system to distribute healthcare dollars however it wishes without the current hassles and bloated bureaucracies involved in regulating, pricing, and policing every aspect of healthcare.
An HDHP provides a high deductible health insurance policythat begins paying for medical care after a highly adaptable has been met by the insured. a deductible may be $1100 or more, depending on the price you or your employerare willing to pay for coverage. HDHP is much like real insurance because it typically is only used for catastrophic illness or injuries and not for routine care. normal doctor visits and non-catastrophic care this page from a bank account that is specifically set up for healthcare. This account, called in HSA is setup by the insured or by an employer. The money is deposited tax-freeby the individual, employer, The government or a combination of the three. With all three cases, the individual owns the account and can spend the money on almost any healthcare expenses they wish. no matter who contributed to the account, the money belongs to the individual and never expires.
Avoiding a complete takeover of the healthcare industry by the government can be done with the use of HDHPs and HSA. It would eliminate managed-care and comprehensive medical insurance, taking with it the tremendous challenges and has brought to our nationwith its massive insurance bureaucracies, complicated insurance plans, skyrocketing health care costs, and restrictions on both patients and doctors. Doctors, hospitals, and pharmacies would all compete for healthcare dollars that the patients themselves control, freed from artificial price inflation and extra payroll costs caused by comprehensive insurance. The complexity of modern health insurance would be replaced with a nearly unimaginable return to simplicity.
Ending managed-care and comprehensive medical insurance would be simple with the HDHP HSA option. the option would also eliminate the havoc brought to our nation with massive health-care bureaucracies, complicated insurance plans, skyrocketing prices, and the restrictions put on patients and doctors. Patients could then control their healthcare costs. market forces would then cause a rise in competition for price, while at the, and the innovation of doctors, hospitals, and pharmacies as they would be competing for the health care dollar. Patients could free themselves from artificial price increases and extra payroll costs from comprehensive insurance. Government takeover of healthcare could be avoided with the use of HDHPs and HSAs. this simple change would allow for a more simplistic healthcare system.
This combination of HDHP and HSA has the potential to tear down the restrictive bureaucracy and escalating costs of our current healthcare model and completely revolutionize the way healthcare in America is funded and accessed. The results would be more freedom, lower costs, less bureaucracy, and more people insured - a winning solution for citizens, businesses, and the nation.
For more information about HSAs goto http://www.ustreas.gov/offices/public-affairs/hsa/faq.shtml - 15224
About the Author:
Dr. Eric Stamper, O.D. is a Sumner County, Tn Eye Doctor and owns Visionary Eyecare Center. Dr. Eric Stamper received his optometry degree in May of 2007 from Southern College of Optometry in Memphis, where he graduated with honors in the top 10 percent of his class.
