Siegel, Bart H.
Choose the right health care account
The article provides information for accountants when advising businesses and private individuals who seek guidance in the choice of health care insurance plans. Explained are differences between, and the advantages to, three different employee health insurance plans. They are the flexible spending arrangements, a type of account funded by untaxed income, health reimbursement arrangements, a plan containing high deductibles, and health savings accounts. The tax and savings advantages for each of the plans are examined INSET: High-Deductible Health Plans.
Choose the right health care account
The article provides information for accountants when advising businesses and private individuals who seek guidance in the choice of health care insurance plans. Explained are differences between, and the advantages to, three different employee health insurance plans. They are the flexible spending arrangements, a type of account funded by untaxed income, health reimbursement arrangements, a plan containing high deductibles, and health savings accounts. The tax and savings advantages for each of the plans are examined INSET: High-Deductible Health Plans.