Neglecting Retired Players

Many involved with the sport of football as well as with other known sports say there is talk that the retired and severely injured players are under improper care. This may be possible but the ultimate responsibility is with the professional athlete. The proper health insurance policies is with the responsibility of the football player and please understand that even the lowest paid professional football player is aware of their personal responsibility.

The professional teams all have numerous insurance policies to offer the individual players while they are on and off the playing field. It is also up to the individual himself to assure there is adequate affordable health insurance coverage, especially catastrophic insurance coverage in the event of a major accident while on the field and off the field.

This will not only protect the individual player, but the family members as they marry and begin a family. Obviously none of this is affordable health insurance, but considering the amount of money most of them are taking in on a yearly basis, they can afford almost any type of insurance policy.

You know, if they were really concerned they could have been researching a Health Savings Account (HSA). The Health Savings Account (HSA) is not perfect, but it will see you through and offer medical health care coverage when wisely utilized. 

One of the main features you must consider is if you can afford to fund an individual health insurance plan with a high deductible. Trying to carry a high deductible may be a disadvantage so this will take some serious considerations before buying into the plan. Some of the benefits to the Health Savings Account (HSA) health insurance are the following:

1.               Only for those with fifty or less other people working for them

2.               Money contributed to the account is tax deductible annually

3.               The individual pays medical expenses by withdrawing funds needed

4.               Policy pays additional cost when expenses exceed policy deductible

5.               Remainder at the end of the year is rolled over into a new health care policy

A very interesting fact is you will also have the opportunity to invest excess funds from your health care account into mutual funds; stocks and other high interest bearing investments in exchange for leaving the money sit idle. In a sense, you are receiving more than you bargained for in the original purchase.

Depending upon where you are in life stages the Health Savings Account (HSA) can also be a part of your retirement income. This will probably be the best affordable insurance coverage for the money spent.