Buy custom Medical Savings Accounts
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| Topic: |
Business
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| Number of pages / Number of words: |
14 / 3891 |
Essay's paper body
Individual persons and families therefore have a financial incentive to use routine health care services prudently. Young, healthy persons and other members of low-risk groups who might not otherwise purchase health insurance or save for future health care expenses now have an incentive to make tax-free contributions to their own tax-sheltered MSA...
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Restoring consumers' cost-consciousness and their control over routine health care spending is seen as the most effective way to reduce health insurance costs and overall health care spending, thereby improving access to health care services.
Previous tax laws did not permit this type of tax-free savings accounts envisioned by advocates of MSAs...
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