Health Savings Accounts – What You May Not Know

In the old days, people would pay health insurance premiums to an insurance company and the insurance company would cover most of their medical costs. If there were no medical costs, the insurance company would pocket the money. The advent of high-deductible health plans paired with health savings accounts has changed this dynamic, giving people more control over how their health care dollars are spent – and giving them the ability to keep more of their money if they stay healthy.