Home  |  Health & Fitness  |  Men's Health  | 

How to Buy Health Insurance - Health Savings Accounts

How could an HSA help me save for retirement?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
eHealthInsurance
www.ehealthinsurance.com  
(800) 977-8860

eHealth, Inc. is the parent company of eHealthInsurance Services Inc., the leading online source of health insurance for individuals, families and small businesses. eHealthInsurance presents complex health insurance information in an objective, user-friendly format, enabling the research, analysis, comparison and purchase of health insurance products that best meet consumers' needs.

Licensed to market and sell health insurance in all 50 states and the District of Columbia, eHealthInsurance has developed partnerships with more than 160 health insurance companies, offering more than 7,000 health insurance products online.

The company's technology platform is able to communicate electronically with insurance carrier partners, which enables a simpler, more streamlined health insurance application process. This technical connection with the back-office processes of health insurance companies can facilitate rapid approval of applications and real-time communication between carrier and consumer throughout the process.

eHealthInsurance provides consumers with transparency of information about a broad array of health insurance plans with a selection of price and benefit options, complemented by a full-service Customer Care Center of highly trained customer service representatives. Available via a toll free number, online chat, email or fax, the Customer Care team answers consumer questions throughout the process of buying and using health insurance.

eHealthInsurance was founded in 1997 and its technology was responsible for the nation's first Internet-based sale of a health insurance policy. We are headquartered in Mountain View, California.

<span>The content provided by eHealthInsurance on this Website is for informational purposes only. This content is general in nature, and is not intended to be a substitute for advice from a licensed insurance agent. </span>

How could an HSA help me save for retirement?

In this video series, Bob Hurley from eHealth Insurance explains how to use a Health Savings Account.

This expert: 68,232 views

This series: 13,207 views

Download to Mobile Device
Tags:

Insurance

,

Health

,

Coverage

,

Policy

,

Premiums

,

Requirements

,

Purchase

,

Medical

,

Medicine

,

Pharmacy

,

Doctor

,

Family

,

Parent

,

Child

,

Children

,

Adult

,

Young

,

Senior

,

Retiree

,

Retirement

,

Expenses

,

Savings

,

Account

,

Hsa

,

Hmo

,

Ppo

,

Pos

,

Ffs

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: How could an HSA help me save for retirement? Bob Hurley: Health Savings Accounts are a very good vehicle to help you save money for your retirement. The whole idea behind these accounts is that you are going to have a Higher Deductible Health Insurance Plan which is going to reduce the amount of your monthly premium that you are sending off to the Health Insurance Company and then you are going to send some of that money into your savings account. In that, that account remember has significant tax advantages, it's tax-free going in, it's tax-free as it grows and if you need it, you can pull it up for healthcare related expenses tax-free. So it's a very powerful savings vehicle and so if you are putting money into that account for 10 or 15 or 20 years, you are going to have some very nice cash accumulation if you are somebody that's fairly healthy that hasn't had to utilize a lot of care and pull money out of that account.Now as you move in your retirement that account is going to go with you. If you own it, you own that money and so once you hit retirement you can keep it set up as a Healthcare Funding Account and use it for healthcare related expenses not covered by Medicare or you can actually pull that money out and use it for whatever you need it for and simply pay whatever the prevailing tax rate it is at that time. So it's a very, very good savings vehicle for retirement, has a lot of flexibility certainly, primarily, flexibility towards your healthcare related expenses but then a lot more broader flexibility after you hit your Medicare age.

Other Videos

  • What's the best way to think about food?

    What's the best way to think about food?

  • Calorie Burning Circuit Workout

    Calorie Burning Circuit Workout

    Every year, Americans vow that they will lose weight or start an exercise routine as a part of their New Year's Resolution. However, Vionna Jones, owner of Fit in DC, LLC, believes that it is better to burn calories during the holiday to keep weight gain to a minimum. This way, you can start the new year ahead of the game. This video highlights 5 exercises that can be done in less than 20 minutes that are guaranteed to help you burn calories during this festive time of year. The workout can be done at home and can be modified to suit all fitness levels.
  • Exercise - Back Routine

    Exercise - Back Routine

  • Back Massage 4 of 7

    Back Massage 4 of 7

    Back Massage 4 of 7
  • How to Perform an Effective Ab Workout

    How to Perform an Effective Ab Workout

    In this video series, fitness expert Charlotte Hellhoff shows you specific exercises that will help transform your body for that swim suit you&#39;ve been wanting to wear. Charlotte covers how to perform lunges, tricept dips, a row, and also shows you how to get an effective ab work out.
  • What are some basics of meal planning for living with diabetes?

    What are some basics of meal planning for living with ...

    In this series, Kathy Reily discusses the various issues that diabetics face and how you can be healthy with diabetes.