The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.
But should a family with a woman in her childbearing years use an HSA?
This is an excellent question!
Obviously, a woman who is pregnant or might likely become pregnant needs to be very aware of her health insurance situation. Taking pre-natal classes, having a hospital delivery, Cesarian sections are all expensive, nevermind any potential complications.
Health Savings Accounts paired with a high-deductible health insurance policy can work for the family who might be expecting. Here's how.
A high-deductible policy means that with a hospital delivery, you'll definitely be paying that first $1,000, $2,500 or $5,000 (depending on the deductible), because the total cost will be that plus more. But after the deductible is satisfied, the insurance will kick in and pay for the rest of the cost.
However, it gets more complicated than that. In order to have maternity covered in a policy, you must buy an additional "insurance rider" for maternity. This rider comes with your insurance policy, not with the HSA. The rider is extremely expensive, it will add hundreds or thousands of dollars to your yearly cost of insurance.
So, if you are going to delivery using a regular hospital delivery, you should definitely purchase the additional maternity rider on your insurance policy. Remember that the high-deductible policy with the maternity rider will still be significantly cheaper than a low-deductible policy with the same rider. So you should still use a high-deductible policy, just add that rider.
But let me present one more option to the lucky parents. Have you considered a midwife, in-home delivery? Many parents are turning to this option. Create a relationship with a midwife or nurse-midwife and consult with her throughout the pregnancy. You might find that is is a safer, more comfortable way to have a child than the hospital environment. Just make sure you do your homework first. Find a midwife who has good qualifications and excellent references. And check the laws in your state. Midwifery is illegal in several states, because the Medical Boards do not appreciate them taking business away from hospitals.
If you rely on a midwife, your overall costs will go down dramatically, but you will not be able to use HSA money to pay a midwife. Also note that the maternity rider on your insurance policy will not help pay for midwifery services. Even with these disadvantages, you might find that your overall cost savings are so great that the midwife is not only the safest, most comfortable option, but also the least expensive.
The Health Savings Account, along with usage of holistic practitioners like midwives, will change healthcare in America forever. Be a part of the future of healthcare! HSAs are available today!
Daryl Kulak is the author of the book "Health Insurance Off the Grid." The book provides a simple plan for the self-employed or underinsured to reduce insurance costs using a unique approach you won't find anywhere else. The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com
For over 30 years I have been representing injured workers... Read More
Many factors affect the premium you will pay for auto... Read More
Do you know that skyrocketing health care costs have been... Read More
Life insurance in the UK is becoming more and more... Read More
Risk ManagementAlternate Risk Transfer is a fancy way of saying... Read More
How do you put a value good health? For many... Read More
Accidents almost always make your insurance rates increase. Whether or... Read More
For most people car insurance is a the single largest... Read More
Insurance adjusters are not without outside pressures they must deal... Read More
Insurance policies provide financial protection in a broad range of... Read More
Term insurance and permanent insurance are two basic types of... Read More
My whinstone house my castle is, I have my own... Read More
Many economists have suggested and recent economic data indicates that... Read More
Love. Yes, that's right. Love for your spouse, children, family,... Read More
The Life Settlement market is all about providing due access... Read More
Which type of policy is best for you, term or... Read More
Cheap insurance? Auto insurance, life insurance, health insurance, liability insurance... Read More
When delving deeper into the market-driven research on the myriads... Read More
When you want to purchase a life insurance policy, you... Read More
If you've been out of school for a couple of... Read More
Are you looking to buy a life insurance policy? Well,... Read More
Insurance versus assurance: what is the difference?Should you care?Yes!!The world... Read More
A question you might ask yourself is: why must we... Read More
Whether you are self-employed or a small business owner, finding... Read More
You see the websites, you see the ads: exclusive, never... Read More
We have just had the first year's anniversary of the... Read More
The communities of Exmouth and Moora in Western Australia don't... Read More
A person might need long term care (LTC) if he/she... Read More
You may have noticed that life insurance is coming back... Read More
Here is a useful guide to life insurance. Simply put,... Read More
Following on from the tube train and bus bomb attacks... Read More
Our money saving auto insurance tips were written for one... Read More
Since 2001, major health insurance providers have been allowing consumers... Read More
Finding insurance quotes for California auto is now pretty easy.... Read More
Most people want lower insurance costs but are often too... Read More
Travel Insurance is designed to protect your health, belongings, and... Read More
You were humming along on a bright and sunny day... Read More
Car Insurance is compulsory in the UK. You are required... Read More
Lets face it, finding the best home insurance price quote... Read More
In a recent article in the National Underwriter (April, 2005)... Read More
There is always a chance that there is a better... Read More
Consumers are countering rising gasoline prices and other vehicle operating... Read More
Business Owners Policies for the Self-EmployedWho needs a business owner's... Read More
Car insurance is one of the most dreaded chunks in... Read More
Life insurance is a personal insurance plan designed to pay... Read More
The value of a personal injury claim has a direct... Read More
This "How To" article is crucial, up-to-date information concerning what... Read More
Online comparison shopping is a convenient way to get cheap... Read More
If you've just bought a dinghy or are thinking about... Read More
Most people don't realize that there are 7 different homeowners... Read More
If you are going to be involved in an accident,... Read More
If you and your family relocate overseas, one of your... Read More
For may young drivers, affording the costs of motor insurance... Read More
Many factors affect the premium you will pay for auto... Read More
Life insurance is a type of protection that can be... Read More
The issue at hand is the use of a consumer's... Read More
Life insurance in the UK is becoming more and more... Read More
Many people ask, "If I am supposed to get a... Read More
A person might need long term care (LTC) if he/she... Read More
Insurance adjusters are not without outside pressures they must deal... Read More
Do you pay more attention to your car than your... Read More
According to a study by LifeSearch, the number of women... Read More
In the UK each September, 350,000 new students embark off... Read More
When deciding on the appropriate amount of homeowner's insurance coverage... Read More
When you start a small business you will need to... Read More
Naming a beneficiary for your life insurance policy can be... Read More
Insurance |