As per the New York times report on Friday Bank of America, J. P. Morgan Chase, Fidelity Investments and other such entities are offering 401(k)-type accounts for taking cre of your spendings on health. The US residents can now expect that the amount they have to pay to the doctors, can rise from 3 million to 15 million by 2010.
The banks are eyeing on the health of the consumers by offering them various mutual funds and other investment vehicles as the health care savings account balances tend to grow. Dan Perrin, the publisher of H.S.A. Insider and executive director of the H.S.A said that,
Billions of dollars that used to be written in the form of checks with insurance companies names on them would instead go to credit unions, banks and long-term investment houses.
But it is also expected that the healthcare savings account would tend to relax the financial burden of the consumers.
