http://www.healthinsurancecolorado.net/blog1/2007/06/22/what-is-a-copay/ Research and discussion of the Colorado health insurance industry and the healthcare crisis in America. Tue, 16 Mar 2010 22:14:50 +0000 http://wordpress.org/?v=abc hourly 1 http://www.healthinsurancecolorado.net/blog1/2007/06/22/what-is-a-copay/comment-page-1/#comment-7504 Rex Sat, 30 Jun 2007 19:07:54 +0000 http://www.insuranceshoppers.net/blog1/2007/06/22/what-is-a-copay/#comment-7504 Jay, I'm so glad you pointed this out to me. I'd heard of HSAs before, but I didn't put it all together and realize how much better they can be over the type of health insurance I've always had before. I took the money I saved in premium by having the HSA and I'm investing that exact amount into my health savings account every month. Then, if I need to go to the doctor I just take the money from the health savings account (which would have just gone to the insurance company) to pay for it. #1) That will count toward my deductible #2) That money has never been taxed or counted as income #3) If I stay healthy and don't need to use all of it, that money is going to my retirement instead of to the health insurance company. Sweet!! Jay,
I’m so glad you pointed this out to me. I’d heard of HSAs before, but I didn’t put it all together and realize how much better they can be over the type of health insurance I’ve always had before.
I took the money I saved in premium by having the HSA and I’m investing that exact amount into my health savings account every month. Then, if I need to go to the doctor I just take the money from the health savings account (which would have just gone to the insurance company) to pay for it.
#1) That will count toward my deductible
#2) That money has never been taxed or counted as income
#3) If I stay healthy and don’t need to use all of it, that money is going to my retirement instead of to the health insurance company.
Sweet!!

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