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Health Savings Acounts What You Should Know
By Keith Thompson

Maybe it took the State of The Union address from President Bush to bring the concept of Health Savings Accounts out into the open for all to see. Whatever the case, this is an idea and reality that is long overdue and a great solution to health insurance for many people. Health savings accounts, coupled with a companion low-cost high-deductible health care insurance plan, will take the bite out of monthly health care costs for many consumers, and provide a powerful savings component at the same time. Let's look at the details.

While Congress passed the legislation creating Health Savings Accounts in 2003, it has taken a while for the word to get out. In a nutshell, the deal is as foll...
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