JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,756
- 2,220
The problem is we have a lot of irresponsible people in this country so yes, a forced savings would help. If everybody were responsible, we wouldn't have speed limits on our streets and highways and we wouldn't have a Democrat party.
Money taken out before your net is money that isn't missed as much. If Republicans ever got away with making payroll deductions illegal, and we all had to write out a check to SS, FICA and Medicare every three months, people would have a heart attack.
The benefit of a health savings account is that it's your money and it isn't taxed.
I think the best medical coverage would consist of catastrophic health insurance and a medical savings account consisting of pretax contributions that you keep at the end of the year and can roll into a larger medical savings plan after paying tax on it.
I am sick of paying out the wazzoo for insurance on things like car insurance, home insurance and so forth then have to fight them tooth and nail for the money I need when I finally need it. It is a disgrace.
I have a claim for about $110k from an automobile accident and it was back in 2014. Still havent seen a dime and it is a high likelihood I wont ever. They havent even given me a decision for Goodness sakes.