Health Savings Accounts save for both your present and future needs.
Many farm families are switching to high deductible health insurance plans with Health Savings Accounts. The health plan portion of that strategy must be evaluated on its merits, but the HSA can provide an avenue for sav-ing for your retirement care as well. James Porterfield of Park Ridge, Illinois developed a spreadsheet for evaluating that savings potential, based on your contribution and tax savings. Each individual should carefully evaluate the health care and HSA combination that may work for them, but this spreadsheet provides a foundation for starting that conversation. Download the spreadsheet using the link below.
Do you have a spreadsheet that’s made a difference on your operation that you’d be willing to share with other readers? Drop us a line at FarmFutures@farmprogress.com with a description of the spreadsheet. We’ll pay $75 if we feature your farmer-written non-commercial program as our Spreadsheet of the Month.
Powered by iNet Solutions Group ©2011 All Rights Reserved.