How pre-tax health funds remove barriers to accessing primary care – Medical Economics
According to Gallup, nearly four in 10 Americans postpone health care due to cost concerns. That is a record high in the research company’s 22 years of tracking this issue.
As health care costs continue to rise, patients/health consumers are in dire need of a solution that will save them money and curb the onset or progression of health conditions in their later years. Pre-tax health funds such as flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and health savings accounts (HSAs) can remove barriers to seeking primary care and can help patients and health consumers save on health. This is the underlying foundation that drives what we do at Binkey.
Obiaku “Obi” Ohiaeri
Binkey
Short-term: cost management
In addressing health care costs, FSAs, HRAs, and HSAs offer immediate solutions by allowing pre-tax contributions, reducing taxable income, and increasing financial resources for essential health expenses – often saving account holders 30% or more. These…
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source: https://news.oneseocompany.com/2023/10/30/how-pre-tax-health-funds-remove-barriers-to-accessing-primary-care-medical-economics_2023103051964.html
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