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Health Care You Control

By admin | May 28, 2007

Christopher Farrell
Business Week

One family finds that health savings accounts may be the smart choice.

In the name of academic research, finance professor Stephen T. Parente got his physician wife to agree, reluctantly, to make a radical change in their family’s medical coverage. The health-economics specialist who teaches at the University of Minnesota’s Carlson School of Management had realized he knew a lot about health savings accounts (HSAs) as a scholar. But he had no experience with them as a consumer. So two years ago he enrolled himself and his family in a high-deductible insurance plan linked to a tax-sheltered HSA for medical expenses.

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