American Way: “Planning for the future of your health”
By Charlotte Huff
  For Kara Parker, the health savings account she opened nearly two years ago provides some peace of mind. To date, she’s accumulated nearly $2,300 in the fledgling account, a portable health nest egg --- similar to a 401 (k) --- that she plans to build and transport from job to job in the years ahead. “It feels as if I’m getting a resource,” says Parker, 32, of Lafayette, Colorado. “If I spend it all and have a bad (health) year, then, that’s what it’s there for. If I don’t, I’m keeping the money, not the insurance company.”

  Health savings accounts, created by a 2003 law, are part of a two-tiered health-insurance approach that proponents believe is the best antidote to rising U.S. health-care costs. The plans, called consumer-driven or consumer-directed, typically pair a savings account with a high-deductible insurance policy. In exchange for often lower premiums up front, users may have to fork over some hard-earned cash for medical care until the deductible kicks in.

  Critics, for their part, scoff at the plans’ consumer-friendly moniker, calling it an ingenious --- and misleading --- marketing ploy. Contact for complete article.