As you’ve probably heard, pillars community health. The cost of a hospital stay is one of the biggest expenses of a health plan. The average cost of a night hospital stay is $4,000, plus we’ve all probably heard about the costs of prescription drugs, which cost about $1,500 a month. It’s no wonder that most people go to the hospital in the summer! This is a perfect time to save on hospital costs.
To that end, we’ve designed 13 super smart ways you can save on your health care. First, by using the health savings account (HSA) you can put money into it and have it automatically deducted from your paycheck, so you only pay for medical expenses you actually need. This is a great way to save on expensive drugs and medications so you can still afford them if you need them.
You can also use the HSA to pay for things like doctor’s visits and prescriptions so that you can be sure that you are always covered.
The good news is that the HSA works for you no matter what you need it for!
I recommend signing up for the health savings account on your employer’s website. There are some similar alternative like a credit union. These accounts can be set up to automatically deduct money from your paycheck. And can be used to pay for all sorts of other things. It including things like gym memberships and car payments.
If you’re interested in an HSA for yourself, check out the Health Savings Account Association. Which you can find at www.healthcare.gov/hsaa. They are a nonprofit organization that is funded by the federal government and not tied directly to any one company. They are also a lot cheaper than a traditional HSA.
Pillars community health:
If you have an HSA through your work, you can save a lot of money. By switching out your employer-provided contribution for a savings account. The monthly contribution can help you save thousands on your premiums and other costs. A savings account also allows you to easily take advantage of the tax incentives that HSA offers. If you use an HSA, you will likely pay less in taxes.
If you are not married and are married to someone who is, you can use a married couple HSA as long as you can both contribute to the same plan. For example, if you have a $1000 monthly contribution to your HSA and the spouse has a $200 contribution, you can add another $10 to your HSA to both contributions. This helps keep your contribution to your plan at the same level for both you and your spouse.