My Articles | About Us | Contact Us | Advertise With Us | Search   
 
News, Tips & Offers delivered to your inbox

ABOUT US | VIEW ALL FEATURED ARTICLES | VIEW ALL TOPICS | VIEW ALL REGIONS | DM MOBILE | DM BLOG

Health Savings Accounts California

A month ago, Jenny Thomas checked into her local hospital to deliver her first child. Unanticipated complications necessitated an emergency surgery. Fortunately both she and the baby were fine. But if it hadn't been for her family's health savings account (HSA), she could have ended up owing the hospital tens of thousands of dollars.

Local Companies

Capital Resource Consultant
(650) 515-8709
637 Stonegate Dr.
So. San Francisco, CA
Resource Capital - Real Estate Financing
(916) 231-1332
1050 Iron Point Road
Folsom, CA
Indy Mac Bank
(818) 240-7870
1475 East Huntington Drive
Glendale, CA
Premier Bank of Glendale (proposed)
(949) 241-1291
589 Americana Way, Unit #305
Glendale, CA
Brown Armstrong Corporation
(559) 476-3592
8365 N. Fresno St #440
Fresno, CA
Dennis Bean & Company
(559) 221-5071
7110 N Fresno Street., Suite #460
Fresno, CA
Central Valley Community Bank -- River Park
(559) 447-3350
8375 N. Fresno
Fresno, CA
Westamerica Bank Shaw & First
(559) 243-4370
1172 E Shaw Ave
Fresno, CA
Bank of America Fashion Fair Branch
(559) 445-7350
590 E. Shaw
Fresno, CA
Bank of America Kerman Branch
(559) 846-9333
702 S. Madera Ave.
Kerman, CA

(ARA) - A month ago, Jenny Thomas checked into her local hospital to deliver her first child. Unanticipated complications necessitated an emergency surgery. Fortunately both she and the baby were fine. But if it hadn't been for her family's health savings account (HSA), she could have ended up owing the hospital tens of thousands of dollars.

"An HSA is smart savings plan that you use for unanticipated medical expenses," says Kurt Stammberger, vice president of marketing for Vimo, a company that provides comparison shopping information on health insurance plans, products and doctors. "Usually, money that save in the plan comes out of your paycheck before payroll taxes are computed, so you maximize your savings rate. Furthermore, any income that the HAS plan itself generates (such as from interest or investment appreciation) is also tax free, so it grows fast. Some employers even contribute extra matching cash to the plan to encourage you to save."

In most parts of the country, to be eligible for an HSA you also need to hold a High-Deductible Health Plan (HDHP). An HDHP is a plan where the deductible - that is the amount that you pay out of pocket, before the insurance "kicks in" is somewhat higher that what you might have seen before: usually in the neighborhood of $2,000 to $3,000. The big idea behind the HSA/HDHP combo is that the premiums on the high-deductible plan are so much lower that even though you pay the first couple of thousand "out-of-pocket" - actually out of your HSA - you save money in the long run over a traditional plan.

"Hundreds of banks, credit unions and insurance companies offer HSAs, and it's easy to sign up," Stammberger says. Once you're enrolled, you can use the money in the account for almost any approved medical, dental, vision or disability health care or expense.

HSAs differ from one another mostly in the ways they grow. Some HSAs grow like traditional savings accounts, with interest compounding daily. Other HSAs let you be more aggressive and pick money market funds, mutual funds or other investment vehicles so that you can maximize the growth of the account. It's up to you, and you should make sure you understand the investment choices available to you before you select your HSA institution.

After you have opened an HSA, managing the account is pretty easy. You set up automatic deductions from your paycheck, usually totaling an annual amount less than your HDHP deductible. You then invest your accumulating HSA funds in interest-bearing accounts, stocks, bonds and/or mutual funds, depending on the choices available to you at your HSA institution. Returns on these investments are tax-free, so they compound fast! If, in some year, you don't use the cash, it automatically gets carried over to the next year. So in this way HSA's are different from "Flexible Spending Accounts" which typically follow a "use it or lose it" approach.

To learn more about health savings accounts, visit www.vimo.com.

Copyright © 2006, ARA Content

Provided courtesy of ARA content

Featured Local Company

Capital Resource Consultant

(650) 515-8709
637 Stonegate Dr.
So. San Francisco, CA
Read more about Health Savings Accounts

Related Articles
- Online Banking California
Online banking is the use of the internet for all forms of banking, both commercial and individual. This site will help you choose an online banking company and trace the history and evolution of online banking.
- Commercial Mortgages California
- Unsecured Business Loans California
- Certificates of Deposit California
- Financial Accounting California
- Management Accounting California
- Financial Services California
- Savings Account Online California
- Cost Accounting California
- Business Credit California
Regional Articles
- Health Savings Accounts Adelanto CA
- Health Savings Accounts Agoura Hills CA
- Health Savings Accounts Alameda CA
- Health Savings Accounts Alhambra CA
- Health Savings Accounts Aliso Viejo CA
- Health Savings Accounts Alpine CA
- Health Savings Accounts Altadena CA
- Health Savings Accounts Anaheim CA
- Health Savings Accounts Antelope CA
- Health Savings Accounts Antioch CA
- Health Savings Accounts Apple Valley CA
- Health Savings Accounts Aptos CA
- Health Savings Accounts Arcadia CA
- Health Savings Accounts Arcata CA
- Health Savings Accounts Arroyo Grande CA
- Health Savings Accounts Arvin CA
- Health Savings Accounts Atascadero CA
- Health Savings Accounts Atwater CA
- Health Savings Accounts Auburn CA
- Health Savings Accounts Avenal CA
- Health Savings Accounts Azusa CA
- Health Savings Accounts Bakersfield CA
- Health Savings Accounts Baldwin Park CA
- Health Savings Accounts Banning CA
- Health Savings Accounts Barstow CA
- Health Savings Accounts Bell CA
- Health Savings Accounts Bellflower CA
- Health Savings Accounts Belmont CA
- Health Savings Accounts Benicia CA
- Health Savings Accounts Berkeley CA
- Health Savings Accounts Beverly Hills CA
- Health Savings Accounts Bloomington CA
- Health Savings Accounts Blythe CA
- Health Savings Accounts Bonita CA
- Health Savings Accounts Brawley CA
- Health Savings Accounts Brea CA
- Health Savings Accounts Brentwood CA
- Health Savings Accounts Buena Park CA
- Health Savings Accounts Burbank CA
- Health Savings Accounts Burlingame CA
- Health Savings Accounts Calabasas CA
- Health Savings Accounts Calexico CA
- Health Savings Accounts Camarillo CA
- Health Savings Accounts Campbell CA
- Health Savings Accounts Canoga Park CA
- Health Savings Accounts Canyon Country CA
- Health Savings Accounts Carlsbad CA
- Health Savings Accounts Carmichael CA
- Health Savings Accounts Carpinteria CA
- Health Savings Accounts Carson CA
- Health Savings Accounts Castaic CA
- Health Savings Accounts Castro Valley CA
- Health Savings Accounts Cathedral City CA
- Health Savings Accounts Ceres CA
- Health Savings Accounts Cerritos CA
- Health Savings Accounts Chatsworth CA
- Health Savings Accounts Chico CA
- Health Savings Accounts Chino CA
- Health Savings Accounts Chino Hills CA
- Health Savings Accounts Chowchilla CA
- Health Savings Accounts Chula Vista CA
- Health Savings Accounts Citrus Heights CA
- Health Savings Accounts Claremont CA
- Health Savings Accounts Clovis CA
- Health Savings Accounts Coachella CA
- Health Savings Accounts Coalinga CA
- Health Savings Accounts Colton CA
- Health Savings Accounts Compton CA
- Health Savings Accounts Concord CA
- Health Savings Accounts Corcoran CA
- Health Savings Accounts Corona CA
- Health Savings Accounts Coronado CA
- Health Savings Accounts Costa Mesa CA
- Health Savings Accounts Covina CA
- Health Savings Accounts Crescent City CA
- Health Savings Accounts Culver City CA
- Health Savings Accounts Cupertino CA
- Health Savings Accounts Cypress CA
- Health Savings Accounts Daly City CA
- Health Savings Accounts Dana Point CA
- Health Savings Accounts Danville CA
- Health Savings Accounts Davis CA
- Health Savings Accounts Delano CA
- Health Savings Accounts Desert Hot Springs CA
- Health Savings Accounts Diamond Bar CA
- Health Savings Accounts Dinuba CA
- Health Savings Accounts Downey CA
- Health Savings Accounts Duarte CA
- Health Savings Accounts Dublin CA
- Health Savings Accounts El Cajon CA
- Health Savings Accounts El Centro CA
- Health Savings Accounts El Cerrito CA
- Health Savings Accounts El Dorado Hills CA
- Health Savings Accounts El Monte CA
- Health Savings Accounts El Segundo CA
- Health Savings Accounts El Sobrante CA
- Health Savings Accounts Elk Grove CA
- Health Savings Accounts Emeryville CA
- Health Savings Accounts Encinitas CA
- Health Savings Accounts Encino CA
- Health Savings Accounts Escondido CA
- Health Savings Accounts Eureka CA
- Health Savings Accounts Fair Oaks CA
- Health Savings Accounts Fairfield CA
- Health Savings Accounts Fallbrook CA
- Health Savings Accounts Fillmore CA
- Health Savings Accounts Folsom CA
- Health Savings Accounts Fontana CA
- Health Savings Accounts Fountain Valley CA
- Health Savings Accounts Fremont CA
- Health Savings Accounts Fresno CA
- Health Savings Accounts Fullerton CA
- Health Savings Accounts Galt CA
- Health Savings Accounts Garden Grove CA
- Health Savings Accounts Gardena CA
- Health Savings Accounts Gilroy CA
- Health Savings Accounts Glendale CA
- Health Savings Accounts Glendora CA
- Health Savings Accounts Goleta CA
- Health Savings Accounts Granada Hills CA
- Health Savings Accounts Granite Bay CA
- Health Savings Accounts Grass Valley CA
- Health Savings Accounts Hacienda Heights CA
- Health Savings Accounts Half Moon Bay CA
- Health Savings Accounts Hanford CA
- Health Savings Accounts Harbor City CA
- Health Savings Accounts Hawaiian Gardens CA
- Health Savings Accounts Hawthorne CA
- Health Savings Accounts Hayward CA
- Health Savings Accounts Healdsburg CA
- Health Savings Accounts Hemet CA
- Health Savings Accounts Hercules CA
- Health Savings Accounts Hermosa Beach CA
- Health Savings Accounts Hesperia CA
- Health Savings Accounts Highland CA
- Health Savings Accounts Hollister CA
- Health Savings Accounts Huntington Beach CA
- Health Savings Accounts Huntington Park CA
- Health Savings Accounts Imperial Beach CA
- Health Savings Accounts Indio CA
- Health Savings Accounts Inglewood CA
- Health Savings Accounts Irvine CA
- Health Savings Accounts King City CA
- Health Savings Accounts La Canada Flintridge CA
- Health Savings Accounts La Crescenta CA
- Health Savings Accounts La Habra CA
- Health Savings Accounts La Jolla CA
- Health Savings Accounts La Mesa CA
- Health Savings Accounts La Mirada CA
- Health Savings Accounts La Palma CA
- Health Savings Accounts La Puente CA
- Health Savings Accounts La Quinta CA
- Health Savings Accounts La Verne CA
- Health Savings Accounts Laguna Beach CA
- Health Savings Accounts Laguna Hills CA
- Health Savings Accounts Laguna Niguel CA
- Health Savings Accounts Lake Elsinore CA
- Health Savings Accounts Lake Forest CA
- Health Savings Accounts Lakeside CA
- Health Savings Accounts Lakewood CA
- Health Savings Accounts Lamont CA
- Health Savings Accounts Lancaster CA
- Health Savings Accounts Lawndale CA
- Health Savings Accounts Lemon Grove CA
- Health Savings Accounts Lemoore CA
- Health Savings Accounts Livermore CA
- Health Savings Accounts Lodi CA
- Health Savings Accounts Loma Linda CA
- Health Savings Accounts Lomita CA
- Health Savings Accounts Lompoc CA
- Health Savings Accounts Long Beach CA
- Health Savings Accounts Los Alamitos CA
- Health Savings Accounts Los Altos CA
- Health Savings Accounts Los Angeles CA
- Health Savings Accounts Los Banos CA
- Health Savings Accounts Los Gatos CA
- Health Savings Accounts Los Osos CA
- Health Savings Accounts Lynwood CA
- Health Savings Accounts Madera CA
- Health Savings Accounts Malibu CA
- Health Savings Accounts Manhattan Beach CA
- Health Savings Accounts Manteca CA
- Health Savings Accounts Marina CA
- Health Savings Accounts Marina Del Rey CA
- Health Savings Accounts Martinez CA
- Health Savings Accounts Marysville CA
- Health Savings Accounts Maywood CA
- Health Savings Accounts Mckinleyville CA
- Health Savings Accounts Menlo Park CA
- Health Savings Accounts Merced CA
- Health Savings Accounts Mill Valley CA
- Health Savings Accounts Millbrae CA
- Health Savings Accounts Milpitas CA
- Health Savings Accounts Mira Loma CA
- Health Savings Accounts Mission Hills CA
- Health Savings Accounts Mission Viejo CA
- Health Savings Accounts Modesto CA
- Health Savings Accounts Monrovia CA
- Health Savings Accounts Montclair CA
- Health Savings Accounts Montebello CA
- Health Savings Accounts Monterey CA
- Health Savings Accounts Monterey Park CA
- Health Savings Accounts Moorpark CA
- Health Savings Accounts Moraga CA
- Health Savings Accounts Moreno Valley CA
- Health Savings Accounts Morgan Hill CA
- Health Savings Accounts Mountain View CA
- Health Savings Accounts Murrieta CA
- Health Savings Accounts Napa CA
- Health Savings Accounts National City CA
- Health Savings Accounts Nevada City CA
- Health Savings Accounts Newark CA
- Health Savings Accounts Newbury Park CA
- Health Savings Accounts Newhall CA
- Health Savings Accounts Newport Beach CA
- Health Savings Accounts Nipomo CA
- Health Savings Accounts Norco CA
- Health Savings Accounts North Highlands CA
- Health Savings Accounts North Hills CA
- Health Savings Accounts North Hollywood CA
- Health Savings Accounts Northridge CA
- Health Savings Accounts Norwalk CA
- Health Savings Accounts Novato CA
- Health Savings Accounts Oakdale CA
- Health Savings Accounts Oakland CA
- Health Savings Accounts Oakley CA
- Health Savings Accounts Oceanside CA
- Health Savings Accounts Ojai CA
- Health Savings Accounts Ontario CA
- Health Savings Accounts Orange CA
- Health Savings Accounts Orangevale CA
- Health Savings Accounts Orinda CA
- Health Savings Accounts Oroville CA
- Health Savings Accounts Oxnard CA
- Health Savings Accounts Pacific Grove CA
- Health Savings Accounts Pacific Palisades CA
- Health Savings Accounts Pacifica CA
- Health Savings Accounts Pacoima CA
- Health Savings Accounts Palm Desert CA
- Health Savings Accounts Palm Springs CA
- Health Savings Accounts Palmdale CA
- Health Savings Accounts Palo Alto CA
- Health Savings Accounts Palos Verdes Peninsula CA
- Health Savings Accounts Panorama City CA
- Health Savings Accounts Paradise CA
- Health Savings Accounts Paramount CA
- Health Savings Accounts Pasadena CA
- Health Savings Accounts Paso Robles CA
- Health Savings Accounts Patterson CA
- Health Savings Accounts Perris CA
- Health Savings Accounts Petaluma CA
- Health Savings Accounts Pico Rivera CA
- Health Savings Accounts Pinole CA
- Health Savings Accounts Pittsburg CA
- Health Savings Accounts Placentia CA
- Health Savings Accounts Placerville CA
- Health Savings Accounts Pleasant Hill CA
- Health Savings Accounts Pleasanton CA
- Health Savings Accounts Pomona CA
- Health Savings Accounts Port Hueneme CA
- Health Savings Accounts Porterville CA
- Health Savings Accounts Poway CA
- Health Savings Accounts Ramona CA
- Health Savings Accounts Rancho Cordova CA
- Health Savings Accounts Rancho Cucamonga CA
- Health Savings Accounts Rancho Palos Verdes CA
- Health Savings Accounts Rancho Santa Margarita CA
- Health Savings Accounts Red Bluff CA
- Health Savings Accounts Redding CA
- Health Savings Accounts Redlands CA
- Health Savings Accounts Redondo Beach CA
- Health Savings Accounts Redwood City CA
- Health Savings Accounts Reedley CA
- Health Savings Accounts Reseda CA
- Health Savings Accounts Rialto CA
- Health Savings Accounts Richmond CA
- Health Savings Accounts Ridgecrest CA
- Health Savings Accounts Riverbank CA
- Health Savings Accounts Riverside CA
- Health Savings Accounts Rocklin CA
- Health Savings Accounts Rohnert Park CA
- Health Savings Accounts Rosamond CA
- Health Savings Accounts Rosemead CA
- Health Savings Accounts Roseville CA
- Health Savings Accounts Rowland Heights CA
- Health Savings Accounts Sacramento CA
- Health Savings Accounts Salinas CA
- Health Savings Accounts San Anselmo CA
- Health Savings Accounts San Bernardino CA
- Health Savings Accounts San Bruno CA
- Health Savings Accounts San Carlos CA
- Health Savings Accounts San Clemente CA
- Health Savings Accounts San Diego CA
- Health Savings Accounts San Dimas CA
- Health Savings Accounts San Fernando CA
- Health Savings Accounts San Francisco CA
- Health Savings Accounts San Gabriel CA
- Health Savings Accounts San Jacinto CA
- Health Savings Accounts San Jose CA
- Health Savings Accounts San Juan Capistrano CA
- Health Savings Accounts San Leandro CA
- Health Savings Accounts San Lorenzo CA
- Health Savings Accounts San Luis Obispo CA
- Health Savings Accounts San Marcos CA
- Health Savings Accounts San Mateo CA
- Health Savings Accounts San Pablo CA
- Health Savings Accounts San Pedro CA
- Health Savings Accounts San Rafael CA
- Health Savings Accounts San Ramon CA
- Health Savings Accounts San Ysidro CA
- Health Savings Accounts Sanger CA
- Health Savings Accounts Santa Ana CA
- Health Savings Accounts Santa Barbara CA
- Health Savings Accounts Santa Clara CA
- Health Savings Accounts Santa Clarita CA
- Health Savings Accounts Santa Cruz CA
- Health Savings Accounts Santa Fe Springs CA
- Health Savings Accounts Santa Maria CA
- Health Savings Accounts Santa Monica CA
- Health Savings Accounts Santa Paula CA
- Health Savings Accounts Santa Rosa CA
- Health Savings Accounts Santee CA
- Health Savings Accounts Saratoga CA
- Health Savings Accounts Scotts Valley CA
- Health Savings Accounts Seal Beach CA
- Health Savings Accounts Seaside CA
- Health Savings Accounts Sebastopol CA
- Health Savings Accounts Selma CA
- Health Savings Accounts Shafter CA
- Health Savings Accounts Sherman Oaks CA
- Health Savings Accounts Shingle Springs CA
- Health Savings Accounts Simi Valley CA
- Health Savings Accounts Sonoma CA
- Health Savings Accounts Sonora CA
- Health Savings Accounts South El Monte CA
- Health Savings Accounts South Gate CA
- Health Savings Accounts South Lake Tahoe CA
- Health Savings Accounts South Pasadena CA
- Health Savings Accounts South San Francisco CA
- Health Savings Accounts Spring Valley CA
- Health Savings Accounts Stanton CA
- Health Savings Accounts Stockton CA
- Health Savings Accounts Studio City CA
- Health Savings Accounts Suisun City CA
- Health Savings Accounts Sun City CA
- Health Savings Accounts Sun Valley CA
- Health Savings Accounts Sunland CA
- Health Savings Accounts Sunnyvale CA
- Health Savings Accounts Susanville CA
- Health Savings Accounts Sylmar CA
- Health Savings Accounts Taft CA
- Health Savings Accounts Tarzana CA
- Health Savings Accounts Tehachapi CA
- Health Savings Accounts Temecula CA
- Health Savings Accounts Temple City CA
- Health Savings Accounts Thermal CA
- Health Savings Accounts Thousand Oaks CA
- Health Savings Accounts Torrance CA
- Health Savings Accounts Trabuco Canyon CA
- Health Savings Accounts Tracy CA
- Health Savings Accounts Truckee CA
- Health Savings Accounts Tujunga CA
- Health Savings Accounts Tulare CA
- Health Savings Accounts Turlock CA
- Health Savings Accounts Tustin CA
- Health Savings Accounts Twentynine Palms CA
- Health Savings Accounts Ukiah CA
- Health Savings Accounts Union City CA
- Health Savings Accounts Upland CA
- Health Savings Accounts Vacaville CA
- Health Savings Accounts Valencia CA
- Health Savings Accounts Vallejo CA
- Health Savings Accounts Valley Center CA
- Health Savings Accounts Valley Village CA
- Health Savings Accounts Van Nuys CA
- Health Savings Accounts Venice CA
- Health Savings Accounts Ventura CA
- Health Savings Accounts Victorville CA
- Health Savings Accounts Visalia CA
- Health Savings Accounts Vista CA
- Health Savings Accounts Walnut CA
- Health Savings Accounts Walnut Creek CA
- Health Savings Accounts Wasco CA
- Health Savings Accounts Watsonville CA
- Health Savings Accounts West Covina CA
- Health Savings Accounts West Hills CA
- Health Savings Accounts West Hollywood CA
- Health Savings Accounts West Sacramento CA
- Health Savings Accounts Westlake Village CA
- Health Savings Accounts Westminster CA
- Health Savings Accounts Whittier CA
- Health Savings Accounts Wildomar CA
- Health Savings Accounts Wilmington CA
- Health Savings Accounts Winnetka CA
- Health Savings Accounts Woodland CA
- Health Savings Accounts Woodland Hills CA
- Health Savings Accounts Yorba Linda CA
- Health Savings Accounts Yuba City CA
- Health Savings Accounts Yucaipa CA
- Health Savings Accounts Yucca Valley CA
Related Articles
- Savings Account Online California
Online savings accounts are savings accounts that a customer opens online and do business via the internet. Online savings accounts generally offer higher interest rates than traditional banks, and this website will explain these types of accounts in depth.
- Cost Accounting California
- Unsecured Business Loans California
- Management Accounting California
- Business Credit California
- Online Banking California
- Commercial Mortgages California
- Financial Accounting California
- Financial Services California
- Certificates of Deposit California
Related Local Events
Business Issues Committee Meeting
Dates: 12/11/2009 - 12/11/2009
Location: Fairfield-Suisun Chamber of Commerce
Fairfield, CA
View Details
Suisun City Business Group Meeting
Dates: 12/17/2009 - 12/17/2009
Location: Suisun City Council Chambers
Suisun, CA
View Details
Travis Regional Armed Forces Committee Meeting
Dates: 12/21/2009 - 12/21/2009
Location: Delta Breeze Club, Travis AFB
Travis AFB, CA
View Details
Executive Board Meeting
Dates: 12/22/2009 - 12/22/2009
Location: Fairfield-Suisun Chamber of Commerce
Fairfield, CA
View Details
Business Issues Committee Meeting
Dates: 12/25/2009 - 12/25/2009
Location: Fairfield-Suisun Chamber of Commerce
Fairfield, CA
View Details
Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin
Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History
Articles.DirectoryM.com | Search | About Us | Contact Us | Mobile | Blog | En Español
Copyright © BET Information Systems, Inc. All rights reserved.