After you’ve blown out 65 candles at once, it’s time to enroll in Medicare. Part A takes care of the hospital, part B takes care of the doctor, but what about everything else? According to the U.S. Census Bureau, 1 in 6 elderly Americans live below the poverty line and many more are filing for bankruptcy than ever before. Even if you are one who is still employed and are not worried about retirement, about half of American workers have less than $10,000 saved for retirement, and 29% have less
Most women worry more about being sure their kids have health insurance, their husbands have life insurance and a decent retirement plan, and their families are covered with auto insurance, but few actually look at the insurance needs of themselves.
Women are characterized most often by caring about those around them before focusing on the needs of their own. Unfortunately, this leaves them at a higher risk than any other demographic.
It is crucial for women to ask questions and be involved in large and small financial decisions that affect the family
Chances are, when you started working, you had a meeting in the HR office about all your medical and insurance benefits and something called an “HSA” was blown over and mentioned here and there. This little gem in the insurance world might be your answer to paying for medical expenses without having to empty your savings.
What is an HSA?
An HSA or a health savings account is a tax-free savings account created for the purpose of paying medical expenses. Basically, it’s a way to automatically save money for medical bills. So