MoneyMix
blogs archives cu careers

Become a Pro Fed Member

Get started at Pro Fed's home page.

Privacy

About Us

Contact Us

Copyright © 2007-2013 Credit Union National Association Inc.

NCUA Equal Housing Lender
earning spending borrowing investing driving housing insuring
mymoneymix
Monday, August 4, 2008 |

Healthy Body, Healthy HSA Account

I have a high deductable healthcare plan (HDHP) provided to me by my employer. The deductable is $2,500; this is offset by my generous employer because they give that to us in our health savings account. Health savings accounts (HSA) are like flexible spending accounts, except that I get to keep the money from year to year and even invest it if the balance were to increase.

With these HDHPs the consumer is often responsible for paying the bills. For my plan, as long as the healthcare provider is in network, I get a discount on their services; the rest is up to me to pay for. Therefore, it is in my best interest to stay healthy to avoid unnecessary medical care.

Years ago I was overweight and had high blood pressure that had to be controlled by medication. My doctor wanted to see me twice a year to check up on my health, since I was so young to have these kinds of health complications. Those visits added up and my HSA balance kept on getting lower and lower.

Two years ago I made some major lifestyle changes and lost 60 pounds; after that my doctor informed me that I could stay off the blood pressure medication, but I still needed to see him twice a year to gauge my health.

A few weeks ago I had my semi-yearly doctor’s checkup; my blood pressure was still down, and my health was even more improved. My doctor said that I now only have to see him once a year.

By becoming healthy, I have cut out two expenses: blood pressure medications and one trip to the doctor’s office a year. Over time this will have a beneficial effect on my HSA, but an even greater effect on my life as a whole.

Add your comment
 
Amanda
08/20/2008

It's definitely worth it, cost wise, to take care of your body. Especially in the long run, if you live a healthy lifestyle, you'll help prevent long-term, debilitating diseases like diabetes, which would be costly to treat.


You must be logged in to post comments.

Blogs
insuring posts

April 16, 2014
Renters Insurance: How I Love Thee, Let Me Count the Money Ways…

April 7, 2014
Shield That Sparkler: Insurance for Your Jewelry

March 21, 2014
How Umbrella Insurance Covers You

March 18, 2014
The Wellness Program Sweet Spot

March 17, 2014
Tips for First-Time Health Insurance Buyers


READ MY OTHER POSTS

Log in to My MoneyMix