Here is my first HSA video:
http://www.youtube.com/watch?v=PHd7kp38nls
It leaves out a lot about how HSAs can work. Now it’s enough to raise awareness. Probably, the end result will be an amalgam of many peoples ideas, so it’s premature to mention my idea of the best plan. Maybe someone will have a better idea.
As a practical matter, if you start an HSA now, either tax advantaged or on your own, you need catastrophic insurance too. If you give up regular insurance with too little in your account or too high a catastrophic deductable, you take a risk. But at least you have some idea how big your risk is. With regular insurance you have no idea of whether or not it will cover your needs until after it happens.
Some people seem to think that you are only allowed to save money if it is tax deferred. I once ask my wife, “Did we put enough in our retirement plan this year?” She said, “All we are allowed.” I said, “Don’t you think we should put in a little more?” She said, “We put in all we are allowed. (I spent the rest.”) Parentheses are my interpretation.
We might do better with professional videos, but that would cost money. Maybe we could get our kids to help.
Remember, send the video link to your friends, and talk to them.
Script:
H S Bapaso Presents:
His Herd. Now they are getting old and don’t know who is going to pay for their healthcare.
Give us healthcare,
Give us healthcare,
Give us . . . Healthcare Savings Accounts.
One for each of us.
Relax, Comet. I have money in the bank for your healthcare. I’m the one who should worry, with all that’s been going on. These days, health insurance prices are so high it makes sense to start a healthcare savings account even without government help.
Start your Healthcare Savings Account today, for a little security in a changing world.
