Choose the right health care account

By: Siegel, Bart H [author]
Contributor(s): Fogarty, Timothy [author]
Language: English Set: Choose the right health care accountCopyright date: 2007 In: Journal of Accountancy Vol. 203 Issue 3: ( March 2007), pages 58-61Summary: 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.
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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.

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