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March 13, 2004
Health Savings Accounts
If you don't know about them, you should.
DB's Medical Rants has an article on the new Health Savings Accounts which were created under the Medicare bill passed last year. These are savings accounts where every dollar you contribute is tax deductable (up to the limits). The accounts are to be used for health care expenses. Anything you don't spend accumulates tax-free. After age 59 1/2, you can take money out for non-medical uses and just pay the income tax on it.
That's a great deal! Vist Medrants for more details.
Posted by Dave at March 13, 2004 11:00 AM
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