A person enrolled in a high-deductible health coverage plan can open a Health Savings Account, advises Kiplinger. Contributions to this account are tax-free and must be used to pay for medical expenses. More » Business & Finance Insurance

The rules for setting up a Medicare medical savings account require users to enroll in a high-deductible Medicare Advantage plan, reports Self-employed individuals and small businesses can no longer set up ... More » Business & Finance Personal Banking Bank Accounts

The Internal Revenue Service treats a Health Savings Account like a personal savings account, which means that unused funds remain in the account until spent on qualified expenses, explains the IRS. If a taxpayer leaves ... More » Business & Finance Insurance Health Insurance
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To secure affordable family health care, people can apply for tax credits depending on income level, set up a health savings account or select an insurance plan with a low monthly premium called a catastrophic plan. For ... More » Business & Finance Insurance

United Health Group was the first major health company to issue customer-insurance identification cards that contain plan eligibility information, the personal health record and, in some cases, a link to a person's Healt... More » Business & Finance Insurance

For 2015, health savings account contribution limits are $3,350 for individual coverage and $6,650 for family coverage, according to Optum Bank. These limits are set by the Internal Revenue Service each year and include ... More » Business & Finance Insurance

An insurance waiver form is a document that allows a person to waive enrollment in a required health insurance plan, particularly one at a university, and verifies the person already has sufficient coverage through anoth... More » Business & Finance Insurance