Are you fond of alternative healing methods such as acupuncture to relieve stress and pain, or to promote health? The National Institutes of Health recently recognized the benefits of what has been referred to an “alternative” health care. However, your regular health insurance plans might not cover these treatments.
If you have a Health Savings Account (HSA), you can use your HSA dollars to pay for alternative medical treatments and you can take tax deductions for these expenses. HSA Plans combine high-deductible health insurance policies with tax-advantaged savings accounts.
