2 ms·
HSA's are horrible. Way to much government nonsense with limits on contributions and providers and tying them to particular insurance plans. Completely ineffe
by krupan 8y ago
HSA's are horrible. Way to much government nonsense with limits on contributions and providers and tying them to particular insurance plans. Completely ineffective. When you see that you could save some money for future medical expenses, but you don't qualify for any tax breaks because the amount you want to save is too much or your health insurance doesn't allow it, it's very demotivating for saving at all.
The thought I have is we should all definitely carry catastrophic health insurance, but then people should be on their own for the rest. I'm sure that payment plans and medical care clubs would spring up to fit the needs of those who absolutely need a way to force themselves to save ahead. Those things should not be called insurance, they should not be sold as insurance, nor should they encroach at all into the territory of true insurance that is meant for rare and catastrophic events.
- alphabettsy 8y agoOnly having catastrophic coverage for most people over 35 does not work, maybe younger too. We’ve already seen this. You are basically guaranteed to receive care in the United States, doesn’t mean it’s affordable. The people that can’t afford the ~$300 screening or basic healthcare end up waiting until it’s major then we’re back to catastrophic level. People who can’t or don’t pay their medical bills still cost everyone using the health system money, it’s just hidden in fees, higher costs, tax write-offs, etc.