Savings in the News: Health Savings Accounts

October 7, 2009
By MoneyAisle

A popular topic regarding savings recently, especially in the wake of proposed health care reform, is the health savings account.

Uncommon Cents remarks on researching health savings accounts.

Health savings accounts require a decent amount of planning. Contributions are withheld from each paycheck. At least in our situation, if not all of the dollars put into the health savings account are not used by the end of the calendar year, they are lost–so planning is important.

The Telegraph-Herald reports on the growing popularity of health savings accounts:

The accounts, which are designed to allow saving for medical and retiree health expenses, are flex accounts set up through banks. Proponents say they allow more flexibility in how workers use their health care funds, while critics say the accounts favor healthier and younger people.

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