Tag: HSA

Health spending accounts are sometimes used as stand-alone solutions for covering the costs of health care. At other times, they serve as a means of augmenting the benefits offered by a traditional health insurance plan. Some people with personal or group health insurance wonder if they need to invest in some type of HSA. The answer is yes. Here are some of the reasons why a health spending account is a smart move. Managing Co-Pays and Deductibles Traditional health insurance plans typically include co-pays that the insured party must provide at the time medical services are rendered. While some of the co-pays may be relatively small, they still must be paid out of pocket. Wouldn’t it be nice to already have the money set aside to cover the co-pay? Doing so means one less expense tha...