Employer Health Insurance Contributions
Employer Health Insurance Contributions
provision of health care vouchers could inflate the cost of employer WASHINGTON-A provision of care reform requires new health law employers to give vouchers to low-wage earners to cover purchase of the trading state health insurance could sock employers with even greater cost increases health insurance.
Employer Health Insurance Choices under HR3590 and HR3962
Should I enroll in a Health Savings Account?
Right now at work I’m enrolled in an HMO Plan as well as a dental plan. I am a 30 year old single male with no health problems at the moment. I only go to the doctor for a yearly physical, and I go to the dentist twice a year for a cleaning (I’m not sure if the dentist part is relevant). I’m paying almost $1,000 in medical and dental premiums combined, plus co-payments of $20 when I go for a physical.
Would the HSA offered by my employer make sense for someone like me? I figured that even if the total yearly cost ends up being the same, at least that money will be mine and not lost to the insurance companies, plus I will get contributions from my employer. Am I thinking about this in the right way, or should I be considering other factors as well?
Do the math but almost always if you plan on sticking with the HSA long term (more than 3 years) and you max out your annual contributions to the account then you will be better off with the HSA.
The HSA also becomes more and more valuable as a tax benefit with the more money that you make as well.
Here is some more information on Health Savings Accounts:
