Despite policy changes to make insurance more affordable, family health insurance can still be a financial hurdle for some to overcome. For this reason, finding ways to save on health insurance and support your family’s finances are incredibly valuable. If your policy has “a deductible of at least …$2,500 for families in 2014, you may be eligible to open a health savings account.” An HSA allows you to set aside tax-deductible funds to pay your out of pocket medical expenses or deductible fees. Similarly, keeping all receipts to get credits from your insurer or for HSA withdrawals.
Click here to read the full article by Kimberly Lankford for Chicago Tribune Business.