HSAs or Health Savings Accounts

Here is a video I stumbled across on thestreet.com. Talks about these Health Savings Accounts, which appear to be deductible accounts that act much like an IRA in the way it saves you tax money, but you can withdraw from the account to cover health expenses along the way. These can only be used with high deductible health insurance plans. Switching to a more economically efficient (higher deductible) plan will most likely save you money, and by funding this vehicle it insures you set back money for that rainy day when you need money for health care. That makes it good for both your current finances and your retirement aspirations.

I think there will be an HSA in this family soon, so i'll put up more findings and details when I figure it out. For now, just watch the video.

http://www.thestreet.com/_tscs/newsanalysis/smallbiz/10331652.html

(click on video version there at the bottom)