Congress has provided a tax benefit that exceeds Individual Retirement Accounts in tax saving and accumulation opportunities.  Even so, the acceptance of Health Savings Accounts has been much slower than estimated.
 
The reason may be that a change of thinking is required to see the huge benefit, and we are often reluctant to go through the effort, but it is worth it.
 
A high deductible medical plan reduces your premium.  The reduction in premium can be as much as 40-45%.  The savings can be deposited in a Health Savings Account.The contribution is tax deductible.  The savings is more than enough to pay any medical claims under the deductible.  Does this sound like a "no lose" proposition? It is.
 
Here are some really interesting numbers.you can select a deductible for an individual of $1100, and make a contribution to a Health Savings Account of $2850. A family or couple can select a deductible of $2200 and make a contribution of $5650.  In addition, anyone over age 50 can make a "catch-up" contribution of $800.
 
If you were to adopt a High Deductible Medical Plan today, your Health Savings Account deduction is the full amount available for the calendar year. There is also a one time only rollover of Flexible Spending Accounts and IRA funds into Health Savings Accounts.
 
Withdrawals for medical expenses are tax-free. Earnings are tax free.  Unlike typical medical expenses, you don't have to satisfy a requirement of % of income to deduct. There is no better way to pre-fund future medical expenses.  You can also include long term care, dental and vision expenses.  
 
Before year end, investigate this incredible benefit for yourself and/or your business.