Health Savings Account (HSA): Useful for Women in Childbearing Years?

The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.

But should a family with a woman in her childbearing years use an HSA?

This is an excellent question!

Obviously, a woman who is pregnant or might likely become pregnant needs to be very aware of her health insurance situation. Taking pre-natal classes, having a hospital delivery, Cesarian sections are all expensive, nevermind any potential complications.

Health Savings Accounts paired with a high-deductible health insurance policy can work for the family who might be expecting. Here's how.

A high-deductible policy means that with a hospital delivery, you'll definitely be paying that first $1,000, $2,500 or $5,000 (depending on the deductible), because the total cost will be that plus more. But after the deductible is satisfied, the insurance will kick in and pay for the rest of the cost.

However, it gets more complicated than that. In order to have maternity covered in a policy, you must buy an additional "insurance rider" for maternity. This rider comes with your insurance policy, not with the HSA. The rider is extremely expensive, it will add hundreds or thousands of dollars to your yearly cost of insurance.

So, if you are going to delivery using a regular hospital delivery, you should definitely purchase the additional maternity rider on your insurance policy. Remember that the high-deductible policy with the maternity rider will still be significantly cheaper than a low-deductible policy with the same rider. So you should still use a high-deductible policy, just add that rider.

But let me present one more option to the lucky parents. Have you considered a midwife, in-home delivery? Many parents are turning to this option. Create a relationship with a midwife or nurse-midwife and consult with her throughout the pregnancy. You might find that is is a safer, more comfortable way to have a child than the hospital environment. Just make sure you do your homework first. Find a midwife who has good qualifications and excellent references. And check the laws in your state. Midwifery is illegal in several states, because the Medical Boards do not appreciate them taking business away from hospitals.

If you rely on a midwife, your overall costs will go down dramatically, but you will not be able to use HSA money to pay a midwife. Also note that the maternity rider on your insurance policy will not help pay for midwifery services. Even with these disadvantages, you might find that your overall cost savings are so great that the midwife is not only the safest, most comfortable option, but also the least expensive.

The Health Savings Account, along with usage of holistic practitioners like midwives, will change healthcare in America forever. Be a part of the future of healthcare! HSAs are available today!

Daryl Kulak is the author of the book "Health Insurance Off the Grid." The book provides a simple plan for the self-employed or underinsured to reduce insurance costs using a unique approach you won't find anywhere else. The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com

---

Guide to Life Insurance Terms

Listed below is a useful guide to life insurance terms. It is a list of definitions of life insurance terms that may or may not be familiar to you.Accelerated Benefit ProvisionA provision in... Read More

Factors That Affect Your Car Insurance Premium

Many factors affect the premium you will pay for auto insurance. Each is a statistically based risk for a specific population. The higher the risk associated with a person, the more he or... Read More

How Is Your Auto Insurance Policy Price Determined?

The average auto insurance policy price is derived from a variety of factors. Many of these variables are common knowledge and make sense for the most part but it's always a good idea... Read More

How To Save Money On Your Homeowners Insurance?

In order to save money on your homeowners insurance you have to consider several price determining factors. One of the biggest factors is whom your insurance provider ends up becoming. You should consider... Read More

How to Reduce Car Insurance Premiums

Here are some useful tips on how to reduce car insurance premiums. Firstly, you need to find a sense of balance between coverage and cost. Apart from negotiating a good deal, there are... Read More

What To Do When You Suffer An Injury On The Job?

For over 30 years I have been representing injured workers in workers compensation proceedings and there are some basic errors that injured workers make time and time again.First, it is common for injured... Read More

How To Best Handle Health Insurance Plan Changes

Many economists have suggested and recent economic data indicates that the economy is steadily moving in the right direction. A combination of several factors has no doubt had a negative impact on the... Read More

Why Does Health Insurance Cost So Much?

Why does health insurance cost so much? Year after year, many of the articles that appear in print detail the specific factors driving the cost of healthcare.These factors include: general inflation, advances in... Read More

Individual Health Insurance Plans - How To Find The Best Provider Online

Whether you are self-employed or a small business owner, finding an affordable individual health insurance plan has gotten easy with online health insurance providers. By comparing quotes and coverage plans, individuals are able... Read More

Your Personal Injury Insurance Claim: Several Crucial Insights Into Medical Reimbursements

The best judge of Total Disability and/or Partial Disability is "Ole" Doc Comfort your attending physician. The Medical Report he executes for the insurance company you're battling with, Rock Solid Insurance Corporation, should... Read More

How Do I Lower My Auto Insurance Rates?

Since there are many factors that go into determining your auto insurance rates, there are many chances to lower your rates. If you change jobs and your drive to work changes or you... Read More

The Best Rates on Life Insurance

Finding the best rates on life insurance is not difficult any longer. With a few simple key strokes you open up a vast array of services on the internet to help you find... Read More

Finding Fast Life Insurance

Since the widespread growth of internet usage and database building it's never been easier or quicker to find fast life insurance. There was a time not long ago that the project could drag... Read More

Credit Card Insurance

A word of warning about Credit card repayment protection schemesThe people who sell you the policy and who take out your monthly payment for 'card protection' are not always (in fact, often aren't)... Read More

Protecting Your Expatriate Family

If you and your family relocate overseas, one of your first priorities from a financial planning point of view may very well be establishing health care.Costs and services abroad can differ greatly to... Read More

Choosing Long-Term Care Insurance

A little over sixty percent of the folks who reach 65 years of age will need some long-term care. The average nursing home stay ranges from 2-5 years and costs on average of... Read More

Home Insurance: Premium Protection In Case Mishap Takes A Rain Check

My whinstone house my castle is, I have my own four walls.This is truth for every home owner. Your home, your castle, your prized possession, your territory - which is certainly more than... Read More

Term Or Whole Life Insurance - Which Is Right For You?

One of the most important things you will ever do is to choose a life insurance policy that will provide for your family after you are gone. Choosing the life insurance policy that... Read More

Avoiding The Potholes Of Car Insurance

Car Insurance is an issue that we all of face in our lives. Do we insure our car or not?For example, what type of policy should you get? What should you look out... Read More

Talking to Your Parents About Insurance

Who can you talk to about auto insurance? Insurance agents are a good source. However, due to their life lessons, their love, and their own financial responsibility, parents are an invaluable source to... Read More

Medical Insurance - Health Insurance Coverage & Plans Explained

If you're trying to decide between health insurance plans, you'll find that there are several different kinds from which to choose. It's important that you weigh all your options carefully. Your health insurance,... Read More

Types of Long Term Care Insurance

Regardless of what some people might think, medical insurance will not cover the expenses and services that long term care insurance covers.There are three types of long term care insurance. The first plan... Read More

Consequences of Late Insurance Payments

Did you realize that it could cost you more than a late fee when you make your insurance payments late? That's right, not only will you incur a late fee in most cases... Read More

Long Term Care Insurance

Long Term Care Insurance is needed in the event that a person becomes physically disabled, terminally or chronically ill. Healthcare will pay for doctor bills, hospital bills and some prescriptions, but healthcare will... Read More

Photography Insurance-Insurance for the Photographer

Part and parcel of establishing your own photographic business is establishing your own legal entity. This means establishing yourself for taxes. This is broader than the scope of this article, because every country... Read More

Term Life Insurance Quotes for Singles

Term life insurance quotes are rarely a concern of single people, but they should be. Unfortunately, there is a misconception that term life is something owned only by families in the event that... Read More

Car Insurance Online ? Benefits of Applying for Auto Insurance Online

Drivers are applying for auto insurance online not just for the convenience of comparing quotes, but also to find the best insurance rate. The benefits also include discovering new discounts and not being... Read More

Origin Of Long Term Care Insurance

In the early 1980's Medicare started using a system called the diagnosed related group of guidelines for advance payments to hospitals. This has really given hospitals authority and incentive to discharge patients very... Read More

Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners insurance plans that insurance companies can offer. Each plan is different from the other 6 based on the circumstances that it covers. Additionally... Read More