1 Response to HSAs may help consumers save for health expenses in retirement

  1. Michelle Leichty says:

    Glen and I were the first to sign up for an HSA when his work offered that as an option. I had read a book by Paul Zane Pilzer (The New Health Insurance Solution) which explained how they worked. When Glen’s work offered us that option, we jumped on it. We are able to use that money toward our monthly chiropractic visits instead of pulling it out of our budget – which allowed us to keep going. I’m a huge fan of the HSA.

    The frustrating thing for me is that with health care services it’s nearly impossible to shop around to compare costs. Our family physician recommended Glen go to a podiatrist to help with his chronic knee problems, so I started calling around. Not one office could help me with a cost estimate because their costs depends upon the rate negotiated rate with our insurance company, which depends upon the code they bill us, which depends upon what the doctor does in the initial visit.

    So, we cannot know if we have enough money in our HSA to cover the expense of Glen’s visit because the doctor has to see him before we know the code, the insurance-negotiated rate, and the amount we have to cover.

    Needless to say, he’s not been to the podiatrist yet.

    Something has to change with billing – I can understand why our health care costs so much. You almost need a doctorate to understand billing structures.

    Other than that, I love our HSA!

Comments are closed.