Health Savings Accounts
My husband and I are self employed. Finding affordable medical insurance has always been a challenge. To get a lower price we find we have to sacrifice coverage or increase our deductible. Our insurance agent suggested using a medical savings account with a high deductible policy. The medical savings account is funded by our business with enough to cover the deductible. The business gets to deduct the expense and it is federal tax free to me. An additional benefit is the money can also be used for medical expenses that are not covered by our health insurance such as optical, dental and elective procedures.