| ||
OnlineAdviser forum
Start a Health Savings Account for 2010Our guest asks: Can I get a Health Savings Account started in time for 2010? OnlineAdviser responds:Yes, a Health Savings Account can be started at any time although it usually makes sense to start the plan early in the calendar year since the insurance uses a calendar year deductible. Most HSA plans are issued in a matter of a few days with an online application. Two of the most popular choices that offer coverage throughout most of the U.S. are United Healthcare and Celtic Insurance. Both offer a low cost medically underwritten insurance and free Health Savings Account administration. If you qualify, either of these is a good option. The allowable insurance plans as well as the allowable savings deposits are updated for January 2010. The online quoting program from the links above automatically make the adjustments and offer you the complete range of options for the coming year. If you wish to make a tax-deductible contribution to the Health Savings Account for 2010, this can be done at any time through the tax filing season of 2011. That means that foe most people the deadline for making a 2010 contribution is April 15, 2011. So you have plenty of time to plan for this option. The more important immediate issue is to find the best qualifying insurance. The resources listed above will provide much more information. Columnist Tony Novak answers guest questions in a wide range of consumer finance issues. Health insurance questions and responses are published here to help others with the same issues. Personal information is removed from the question prior to publication. Novak has addressed more than 50,000 consumer finance questions in newspapers, radio television and Internet over a span of 24 years. An expanded biography is published at www.tonynovak.com. Novak is frequently compensated for endorsement of the companies covered in the forum. Advise is from sources believed to be reliable but cannot be guaranteed. OnlineAdviser comments represents the opinion of the adviser only and not represent the position any other person or business. This service is provided without charge on a best-efforts basis. Neither Freedom Benefits nor the adviser assume any liability for the effects of reliance on this advice. Have a Question? Ask OnlineAdviser for a fast professional response. |
||
|
|
