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re: Health Savings Accounts (HSA) for ALL
Posted on 8/4/20 at 9:41 am to BamaAlum02
Posted on 8/4/20 at 9:41 am to BamaAlum02
There's absolutely no reason this should be a partisan issue, whatsoever. There is literally zero logical, fiscal, or even emotional argument against HSA's for All.
Not only should HSA's be universal, they should be mandatory.
Not only should HSA's be universal, they should be mandatory.
This post was edited on 8/4/20 at 9:42 am
Posted on 8/4/20 at 10:07 am to deeprig9
quote:
There's absolutely no reason this should be a partisan issue, whatsoever. There is literally zero logical, fiscal, or even emotional argument against HSA's for All.
Not only should HSA's be universal, they should be mandatory.
Bingo.
Also, health savings accounts need to be started the day you are born. A wealthy grandma and grandpa giving a newborn a few thousand dollars to stick in an HSA and letting it compound for 60 years would work wonders.
If you are poor, there needs to be a law that allows charities to donate to a newborn's HSA. People like Bill Gates and Warren Buffett could be asked to donate and it would be the best $$$ they could spend besides finding a cure for cancer.
Investing money and compounding it over 60 years is the key.
And if you turn 65 and have a million $$$ stashed away in your HSA before you go on Medicare then great. Just like an IRA you can start spending the money or pass it on to your kids.
It gives people an incentive to stay healthy and stay in shape. Because you are going to want to stay away from the doctor/hospital and maximize the amount in your HSA when you turn 65.
Society benefits. It is a no brainer.
This post was edited on 8/4/20 at 4:19 pm
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