Health insurance

[Tom Dunlap]

Does anyone have experience with Medical Savings Plans? From what I've gathered its a different way of getting health coverage. Generally, the deductable is high so it becomes catastrophic coverage.

Tom

 

[John Paul Sanborn]

It is like an IRA that you can send pay your med bills on. My understanding is that there were no deductables. Just a way of banking money for your med costs without paying taxes on the money or earnings.

I had one of the first ones that ate the remainder EOY. that sucked if you did not go out an buy some new glasses in DEC or whatever.