How do health savings accounts and high-deductible health insurance plans limit health-care costs?
The theory is you will be more cost-conscious while seeking medical care if the expenses come out of your pocket. Some doctors worry that the pressure to save the money in your HSA might cause you to avoid important preventive care. You should carefully weigh any health-care decision with your doctor and not let cost be the sole factor in your decision. How do I find information regarding medical costs and quality so that I can make informed health care choices? It can be challenging. Right now it’s difficult to get reliable information regarding the cost and quality of treatment options, doctors and hospitals. Your employer or health plan may offer some Web-based tools, as well as access to someone by phone who can give you some basic information. The hope is that as health savings accounts and other consumer-directed health care options become more widespread, the access to information about cost and quality will expand. Can you withdraw money from health savings accounts for nonmedi