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Best bet? Set up a health savings account (which works like a 401k). Put half of what you would otherwise pay in insurance premiums in it. Adjust your income tax withholding such that you owe at the end of the year (no refund, which can be seized). Don't pay the Obozocare penalty. Er TAX. Pay for your own routine health maintenance.
That is something I have seriously been considering.
Best bet? Set up a health savings account (which works like a 401k). Put half of what you would otherwise pay in insurance premiums in it. Adjust your income tax withholding such that you owe at the end of the year (no refund, which can be seized). Don't pay the Obozocare penalty. Er TAX. Pay for your own routine health maintenance.
It sounds like you are saying don't buy insurance but go ahead and contribute to an HSA. You are aware that you can only contribute to an HSA if you currently have a high deductible health plan, right?
Which is what we should have done. Paid for with the money we are now wasting on wars and bribes paid to other countries to assist us in these wasteful wars.
It sounds like you are saying don't buy insurance but go ahead and contribute to an HSA. You are aware that you can only contribute to an HSA if you currently have a high deductible health plan, right?
Not only that - not all high deductible plans qualify for a HSA. Some are (and this is hard to believe) TOO high deductible to qualify.
As if that makes sense.
And what business is it of the government's which healthcare insurance plan we use in order to set up a HSA as long as we can prove that we spent the money eventually on health care costs?
And what business is it of an insurance provider whether we choose to set up a HSA that is tax deductible?
Too much interplay between the IRS and privately owned insurance providers.
Isn't that what people wanted? Lower premiums, higher deductibles? Be careful what you wish for.
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