Tangent Issue: New Medicare bill creates Roth-IRA-like Health Savings Account

dh003i

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Posted December 9, 2003

I'm very pleased that we will now have an opportunity to save for medical expenses in a completely tax-free manner. Contributions to the Health Savings Account will be tax-deductable up to $2,250 per individuals or $4,500 per family. [unfortunately, the HSA is the only good part of the new Medicare bill, which (big surprise) greatly increases government-spending.]

If you want more information on HSA's, MSA Bank's website provides an excellent resource center on HSA's -- with the latest news, and a summary of HSA's.

If you just want the low-down on HSA's, this summary provides a quick chart comparing them to MSA's and enumerating their features.

HSA's should provide an excellent way to save for possible medical expenses, and should provide a contingency plan -- if not another plan entirely -- to save for retirement.

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https://benefitslink.com/boards/topic/22325-tangent-issue-new-medicare-bill-creates-roth-ira-like-health-savings-account/

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Tangent Issue: New Medicare bill creates Roth-IRA-like Health Savings Account

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