What Are Health Savings Accounts & Why Are They A Big Part Of Obamacare Replacement Plan?
Long before Republican lawmakers unveiled their legislative efforts to repeal and replace the Affordable Care Act, supporters of this movement had talked up “health savings accounts” (HSAs) and how crucial they would be to any eventual Obamacare replacement. What these lawmakers and policy makers often skip over is what an HSA actually is, and whether expanding the use of HSAs will really help most Americans.
They also fail to mention that banks charge you a monthly fee to have an HSA account, so the money you save in taxes the banks get.
It is not worth it and just another scheme.
Ultimately you save nothing and it also locks your money in on what you can use it for. You are better off setting up a free savings account and use that.
They also fail to mention that banks charge you a monthly fee to have an HSA account, so the money you save in taxes the banks get.
ReplyDeleteIt is not worth it and just another scheme.
Ultimately you save nothing and it also locks your money in on what you can use it for. You are better off setting up a free savings account and use that.
Enough with the gimmicks.