Todd Berkley’s article, “Health Savings Accounts: Affordable Alternative to ObamaCare,” details how Health Savings Accounts (HSAs) are included in health care reform because they represent an affordable option for mandated coverage.
“It has become clear—even to President Obama—that in the near future HSAs will be the most “affordable” options in the “Affordable” Health Care Act. As a result, the administration is clearing the way for HSAs to be the low cost option on public exchanges.”
The article then expands the discussion to how HSAs can help future retirees, “With federal government expenditures on Medicare soaring, the percentage of healthcare costs covered by Medicare is more likely to decrease than to increase. Even at today’s rates, a healthy 52-year-old female expecting to live 20 years in retirement in Florida will have medical costs of $251,000 with Medicare covering only $164,000—an $86,000 deficit. An HSA savings account could enable her to utilize tax-advantaged funds to cover the additional costs.”
Read the Full Article: Health Savings Accounts: Affordable Alternative to ObamaCare