One of the biggest changes in the health-care field is the creation of Medical Savings Accounts
Oct. 1, 1996
One of the biggest changes in the health-care field is the creation of Medical Savings Accounts under the new health-reform law. Backed by the American Dental Association and other health organizations, it gives individuals the chance to open an account with tax-free savings that can be used to pay medical expenses, including dental bills. The way it works: Insurance companies will be able to sell 750,000 high-deductible policies for big medical expenses. The deductibles must be between $1,500 a
One of the biggest changes in the health-care field is the creation of Medical Savings Accounts under the new health-reform law. Backed by the American Dental Association and other health organizations, it gives individuals the chance to open an account with tax-free savings that can be used to pay medical expenses, including dental bills. The way it works: Insurance companies will be able to sell 750,000 high-deductible policies for big medical expenses. The deductibles must be between $1,500 and $2,250 for an individual and $3,000 to $4,500 for a family. Once a person buys such a policy, individuals can open a Medical Savings Account, depositing money from their paychecks that is not taxed. The maximum, annual contribution is 65 percent of the insurance deductible for a person and 75 percent for families. Workers at small companies and the self-employed also are eligible to open MSAs.
Whether you recently decided to make the leap or are still thinking it over, moving from server-based to cloud-based practice management software requires careful thought and ...
You've likely heard of “cloud-based” practice management software, but understanding it is another matter. Simply put, it involves accessing data via the internet, offering flexibility...
Discussing dental costs can be uncomfortable, but patient-led financing lets patients privately explore options that fit their budget, making it easier to accept necessary care...
Is your practice easy for patients to work with, or is there room for improvement? A recent report highlights that convenience, especially in digital support and access, often...
Latest
bymuratdeniz / 1553113705 / iStock / Getty Images Plus