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PPT Presentation: Attention: 5 Secret HSA Account Traps

From http://highdeductiblehealthplan.org/hospitalization_insurance_only_should_you_go_with_hsa_or_not.html This SLIDE SHOW will quickly go over 5 negative aspects of any HSA medical insurance plan that most people may not know about but could substantially impact their finances.

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PPT Presentation: Attention: 5 Secret HSA Account Traps

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  1. http://highdeductiblehealthplan.org/hsa_health_plan.html Five Downsides Of HSA • Five Not-So Secret Downsides Of HSA Health Savings Account Revealed • Byhighdeductiblehealthplan.org

  2. http://highdeductiblehealthplan.org/hsa_health_plan.html Looking to sign up? • Are you looking to sign up for a tax-advantaged HSA? At your job or like an individual?

  3. http://highdeductiblehealthplan.org/hsa_health_plan.html The benefits sure sound appealing. • The benefits sure sound appealing. Who wouldn't want to cover for healthcare expenses with pre-tax money, or compound the financial savings tax-free?!

  4. http://highdeductiblehealthplan.org/hsa_health_plan.html However, • Stop!

  5. http://highdeductiblehealthplan.org/hsa_health_plan.html Check out "five" key disadvantages! • This is a quick overview of "five" not-so-secret key disadvantages of HSA, and you may not know the full degree of many of them.

  6. http://highdeductiblehealthplan.org/hsa_health_plan.html 1) Fines of 20% • 1) Fines for early distribution: getting higher! This past year 10%, this current year 20%.What will they be in five years?

  7. http://highdeductiblehealthplan.org/hsa_health_plan.html 2) Bank charges • 2) Bank charges: at $3/month, you will pay nearly $2,000 over a fifty year time span in bank charges alone.

  8. http://highdeductiblehealthplan.org/hsa_health_plan.html 3) Restricted availability of funds • 3) Restricted availability of funds: Funds turn out to be extremely immobile. Who wishes to pay out 20% in fees and penalties upfront plus any private net income taxes at up to 35%, a total of 55%?

  9. http://highdeductiblehealthplan.org/hsa_health_plan.html 4) Restricted investment options • 4) Restricted investment options: "Spend what you will need on medicine and invest the rest" sounds good. But most banks provide sub-par investment options ("to safeguard you from yourself"?)

  10. http://highdeductiblehealthplan.org/hsa_health_plan.html 5) High actual inflation • 5) High actual inflation: Even though the feds report 3% inflation, your wallet and ShadowStats.com knows best. The realistic inflation in the States is more than ten percent. Each and every $10,000 you keep in a HSA, you'll lose $1,000 each year.

  11. http://highdeductiblehealthplan.org/hsa_health_plan.html What are the alternatives? • So what are the alternatives? Should you figure out how you can invest money for a lot more than 1-2% annually, and do not anticipate numerous health related expenditures, then HSA might not be for you, but an replacement, after-tax savings account may be far better.

  12. http://highdeductiblehealthplan.org/hsa_health_plan.html More information... • Look athttp://highdeductiblehealthplan.org/hsa_health_plan.html(Link) to find out much more about HSA accounts, and to find a HSA financial institution which will best aleviate the 5 not-so-secret drawbacks of HSA accounts.

  13. http://highdeductiblehealthplan.org/hsa_health_plan.html Just visit... • Just visit • highdeductiblehealthplan.org • for much more information on the best way to find a fantastic HSA bank account.

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