Originally Posted by
cesnacaptn
I admit I don't have all the info on an HSA plan, and I might even advocate them for some people. From my perspective, HSA is to HMO, as 401(k) is to pension. It takes personal responsibility--something Americans want, but most can't handle. If you look at Americans as a whole when it comes to 401(k)s, it's not very impressive. Companies that offer HSAs need to have a lot of guidance on what an appropriate amount to save.
This is an accurate comparison...Like pensions, however, HMOs and PPOs are not sustainable long term...They are nice "promises", but the money simply isn't there to follow through on the "promises"...The pensions aren't very impressive anymore either....
The current mess we are in is because of the lack of personal responsibility you refer to....That is our downfall...