For some, I jumped the gun

For some of you not acquainted with the concept of health savings accounts (HSA's), my last post was somewhat useless. Let me fill in the gaps a bit. (For a more comprehensive explanation or to ask questions in person. Feel free to attend a live seminar tonight.

For starters, an HSA is simply a bank account that you write checks from, with a few small differences.
1)You have a maximum amount you can put it. (Currently $5650)
2)You get to take a tax deduction for every dollar you put in.
3)You can take money out whenever you choose for medical expenses, not all expenses.
4)You don't have to pay tax on the money you earn. (As long as you use it for medical expenses)

Now you're probably thinking, "Nice, well where do I sign up?" A: You have to be eligible.
In order to use an HSA, you must have a qualified health insurance policy. In order for a policy to qualify, it must have a deductible of at least $1100 dollars for an individual, or $2200 for a family. This plan also cannot have co-pays(except for preventative visits).

If you'd like me to prepare a quote for a qualified plan, go ahead and send me an email and I'll contact you, typically the same day.