Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Health Care Provider and other Health Screenings topics.
A new movement is afoot in the insurance industry. With healthcare costs continuing to rise, more consumers are choosing a new option for healthcare savings. Part of what is being called consumer-directed healthcare, Health Savings Accounts (HSAs) allow people to put tax-free dollars into savings accounts set aside for routine healthcare. Insurance policies accompany these tax-free accounts to cover larger medical expenses.
While HSAs were just approved in 2004, well over one million people have already enrolled. This aspect of consumer-directed healthcare seems to be effecting far-reaching change, including savings in premiums, monthly costs, prescriptions drugs and laboratory tests.