Wednesday, January 1, 2014

Essays on Medical Savings Accounts

Medical Savings Accounts Abstract Medical savings accounts (MSAs) were proposed in 1997 as a supplemental mechanism for financing health cargon services. Medical savings accounts ar used to gather up funds for wellness care expenditures just as laissez-faire(a) retirement accounts (IRAs) accumulate funds for retirement. Changes in the Internal taxation Service (IRS) Tax Code permit tax-deductible contributions by employees and employers to MSAs and impart interest and earnings to accumulate without taxation.
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Funds can be withdrawn without penalty only for medical expenses, for the purchase of wellness or long-term care insurance, or for other expenditures that are stipulate d in the tax code. Each person owns and controls his or her account, inattentive of changes in employment, and therefore has a financial incentive to groom cost-effective use of health care resources. Coupled with high-deductible health insurance, MSAs empower cost-conscious patients in health care decision making, increasing...If you inadequacy to get a full essay, order it on our website:

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