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New Changes to Your HSA

Submitted by Jim Blankenship on Wednesday, April 8, 2015 - 12:00pm

Your health savings account (HSA) can be your one of your best friends when medical expenses hit, allowing you to tap a fund of pre-tax money to meet ever-spiraling health-care costs. Here are the latest numbers concerning these accounts and some potential new uses for the money.

Gen Y’s Health Saving Plan

Submitted by Sophia Bera on Tuesday, December 30, 2014 - 12:00pm

Millennials who don’t need much health care often choose cheaper insurance with a high deductible. If you’re in that age group, a great complement to your plan is a health savings account (HSA), which helps you fund your health care costs until you meet the deductible.

Obamacare Tax Snafu

Submitted by Larry Elkin on Friday, December 12, 2014 - 9:00am

Practically no one looks forward to a tax deadline, but Democrats may have special reason to worry about the one they face next year. That’s when an Obamacare design problem slaps its participants with a financial penalty for failing to forecast their incomes correctly.

Preventive Care Insured?

Submitted by David John Marotta and Megan Russell on Friday, November 21, 2014 - 9:00am

Why did it take so long for colon cancer screening to be a covered benefit when insurance has long paid for treating this malignancy? The short answer is that screening tests rarely, if ever, save money.

Obamacare: Wobbly Survivor

Submitted by Ray Ferrara on Monday, November 3, 2014 - 9:00am

No matter how you feel about Obamacare, you might as well get used to it, as there really is no turning back at this point. The GOP, which is staunchly opposed to the new health law, seems to recognize this, judging by their retreat from their full-throated opposition to it.

Preventive Care Insured?

Submitted by David John Marotta and Megan Russell on Friday, October 24, 2014 - 9:00am

Why did it take so long for colon cancer screening to be a covered benefit when insurance has long paid for treating this malignancy? The short answer is that screening tests rarely, if ever, save money.

A screening test looks for a disease when the patient has no symptoms. And because of the lack of symptoms, nearly all of these tests offer no medical benefit.

For a screening test to save money, the costs must be very low, the benefit long lasting and the potential for side effects unlikely.

Cheap Canadian Drugs: Why?

Submitted by David Marotta and Megan Russell on Tuesday, August 26, 2014 - 9:00am

Drugs in Canada are cheaper than in America because our neighbors to the north impose price controls on them. Periodically, some U.S. politicians call for a similar system in this country. Bad idea: That would choke off innovation, which occurs here, not in Canada.

The reason Canadians pay less is that U.S. drug makers, who develop the new treatments at great cost, can recoup their money in the American market. Canada gets a free ride when buying our drugs.

Ebola and Travel Dreams

Submitted by Lewis J. Walker on Tuesday, September 23, 2014 - 12:00pm

The West African Ebola outbreak has made headlines. Should you be afraid of this hideous disease? I’m off for a trip to Africa: Should I be afraid? No and no. Unreasonable fear should not deter you from travel.

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