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Five  Downsides  Of HSA <ul><li>Five Not-So Secret Downsides Of HSA Health Savings Account Revealed </li></ul><ul><li>By  ...
Looking to sign up? <ul><li>Are you looking to sign up for a  tax-advantaged HSA ? At your job or like an individual? </li...
The benefits sure sound appealing. <ul><li>The benefits sure sound appealing. Who wouldn't want to  cover for healthcare e...
However, <ul><li>Stop! </li></ul>
Check out &quot;five&quot; key disadvantages! <ul><li>This is a quick overview of &quot;five&quot; not-so-secret  key disa...
1) Fines of 20% <ul><li>1) Fines for early distribution:  getting higher! This past year 10%, this  current year 20%.   Wh...
2) Bank charges <ul><li>2) Bank charges:  at $3/month, you will pay nearly  $2,000 over a fifty year  time span in bank ch...
3) Restricted availability of funds <ul><li>3)  Restricted availability of funds:  Funds  turn out to be  extremely immobi...
4) Restricted investment options <ul><li>4) Restricted  investment options: &quot;Spend what you will need on medicine and...
5) High actual inflation <ul><li>5) High  actual  inflation : Even though the feds report 3% inflation, your wallet and Sh...
What are the alternatives? <ul><li>So what are the alternatives? Should you  figure out how you can invest money for a lot...
More information... <ul><li>Look at   http://highdeductiblehealthplan.org/hsa_health_plan.html   (Link)  to find out much ...
Just visit... <ul><li>Just visit </li></ul><ul><li>highdeductiblehealthplan.org </li></ul><ul><li>for much  more informati...
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PowerPoint: Five Key Disadvantages Of HSA Health Insurance Coverage Exposed

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This SLIDE SHOW will quicly go over 5 negative aspects of any HSA health insurance plan that a lot of people might not know about but can significantly affect their financial situation.

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PowerPoint: Five Key Disadvantages Of HSA Health Insurance Coverage Exposed

  1. 1. Five Downsides Of HSA <ul><li>Five Not-So Secret Downsides Of HSA Health Savings Account Revealed </li></ul><ul><li>By highdeductiblehealthplan.org </li></ul>
  2. 2. Looking to sign up? <ul><li>Are you looking to sign up for a tax-advantaged HSA ? At your job or like an individual? </li></ul>
  3. 3. The benefits sure sound appealing. <ul><li>The benefits sure sound appealing. Who wouldn't want to cover for healthcare expenses with pre-tax money, or compound the financial savings tax-free?! </li></ul>
  4. 4. However, <ul><li>Stop! </li></ul>
  5. 5. Check out &quot;five&quot; key disadvantages! <ul><li>This is a quick overview of &quot;five&quot; not-so-secret key disadvantages of HSA, and you may not know the full degree of many of them. </li></ul>
  6. 6. 1) Fines of 20% <ul><li>1) Fines for early distribution: getting higher! This past year 10%, this current year 20%. What will they be in five years? </li></ul>
  7. 7. 2) Bank charges <ul><li>2) Bank charges: at $3/month, you will pay nearly $2,000 over a fifty year time span in bank charges alone. </li></ul>
  8. 8. 3) Restricted availability of funds <ul><li>3) Restricted availability of funds: Funds turn out to be extremely immobile . Who wishes to pay out 20% in fees and penalties upfront plus any private net income taxes at up to 35%, a total of 55%? </li></ul>
  9. 9. 4) Restricted investment options <ul><li>4) Restricted investment options: &quot;Spend what you will need on medicine and invest the rest&quot; sounds good. But most banks provide sub-par investment options (&quot;to safeguard you from yourself&quot;?) </li></ul>
  10. 10. 5) High actual inflation <ul><li>5) High actual inflation : Even though the feds report 3% inflation, your wallet and ShadowStats.com knows best. The realistic inflation in the States is more than ten percent. Each and every $10,000 you keep in a HSA, you'll lose $1,000 each year. </li></ul>
  11. 11. What are the alternatives? <ul><li>So what are the alternatives? Should you figure out how you can invest money for a lot more than 1-2% annually, and do not anticipate numerous health related expenditures, then HSA might not be for you, but an replacement, after-tax savings account may be far better. </li></ul>
  12. 12. More information... <ul><li>Look at http://highdeductiblehealthplan.org/hsa_health_plan.html (Link) to find out much more about HSA accounts, and to find a HSA financial institution which will best aleviate the 5 not-so-secret drawbacks of HSA accounts. </li></ul>
  13. 13. Just visit... <ul><li>Just visit </li></ul><ul><li>highdeductiblehealthplan.org </li></ul><ul><li>for much more information on the best way to find a fantastic HSA bank account . </li></ul>

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