HSAs can make Health Insurance affordable

According to the Wall Street Journal, health insurance costs rose 36 percent between 2000 and 2004 while wages rose just 12.4 percent. In addition, the number of Americans spending more than 25% of their income on medical costs climbed from 11.6 million in 2000 to 14.3 million in 2004, according to the journal.

One product that is helping to make family health insurance more affordable is the health savings accounts (HSA). Individuals can make contributions to health savings accounts tax-free. The money may then be used tax-free to pay for qualified medical expenses. If you don't use all the money in your HSA in any given year, it can be rolled over to the next year.