Thursday, May 28, 2009

Health care reform

President Obama is planning to reform health care in America by the end of the year.  Exactly how this will happen is not yet clear.  While most people would agree that health care could or should be reformed, it's really not as simple as it sounds.  I don't think anyone would want a national health care system like they currently have in Canada or England.  It sounds good until you need an operation and are told you will need to wait six months.  This morning I have an appointment with a woman who is in charge of her small business's group health plan.  They are getting a 34% rate increase over last year and we need to discuss options for getting this number lower.  Not an easy proposition because lowering the premiums will basically mean cutting some of the benefits of the plan, like raising the deductible and out of pocket expenses.  For most people, taking a look at switching to an HSA (Health Savings Plan) is a smart way to do this.  Trading higher deductibles for lower premiums and tax deductible HSA contributions makes a lot of sense.  For more on the Health Care reform question, read this:


For more information on HSA's, check out this FAQ page:


Stop complaining and start saving, America!



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