No health saving account are
You open a saving account that you do not pay taxes on.
When you have an illness you pay doctor and medical bills from that account You have a specific amount you can put in every year and can therefore add to the balance. It is an asset that can be transfered yo other family members. My dad had one. His 2-3 thousand a year ended up being 150 thousand. It was wiped out with one illness. Even with Medicare
But for those doctor visits and little things it works well. It’s just not good for major medical.
I think the health savings account along with a catastrophic plan would be great you don’t pay any taxes on the savings and catastrophic plans are usually very cheap!!!
Did your father not have a supplemental insurance to cover the 20% that Medicare doesn't cover? My husband has had 2 aortic valve replacements, 4 bypasses, 1 stent in heart and one in his leg. Bleed in brain, doctors visits continually and routine lab work. Between Medicare and the supplement we purchased (the best one) we have never had to pay out anything over what the insurances cost us.
If you can find where it talks about giving those who don't pay taxes money, let me know please.