Monday, December 21, 2009

Tips to Control Health Care Costs: Tip #8 Take advantage of Health Savings Accounts

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WhereToFindCare.com's Ten Tips to Control Health Care Costs:

Tip #8: Take advantage of Health Savings Accounts, or flexible spending accounts.

If you have ongoing medical expenses, these accounts can save you money by allowing you to spend pre-tax dollars on qualified health expenses.

Items such as prescription and copays, glasses, contacts, etc can be paid for pre-tax dollars.

If employed, contact your company's human resource department and ask if they are offer this to employees. If not, make a suggestion to the director - there is a savings to both the employee and the employer.

For the self-employed, check out this link on irs.gov.

And contact your accountant or tax advisor to learn more about these accounts.
Related Blogs:
Tip #6
Tip #7

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