Ignore it and maybe it’ll go away
Posted in Comment on 02/16/2006 02:18 pm by OrthoclaseI’ve just read an article about the President promoting Health Savings Accounts.
There are a couple of ironic things here — he gave the talk at Wendy’s, by some accounts one of the factors causing the “obesity epidemic” and its related health issues, and a major user of the part-time minimum-wage labor supply (i.e. those unable to afford private health insurance, and ineligible to receive it through work).
Plagioclase and I looked into starting a HSA (then called an Archer Medical Savings Account) when we could no longer afford the insurance offered through our association with the local chamber of commerce. (This was several years ago.) We were paying over $600 a month for the two of us, and would have been eligible to buy high-deductible insurance for $450 a month. The expectation, of course, was that we would put the other $150 in the MSA/HSA, and earn interest “tax-free!” and have some money set aside to pay the $4,000 yearly deductible.
If I had been able to afford that, I would have stayed with the old insurance.
I haven’t been to a doctor since.