Why does bu$h have a health savings account?

[antigop]

http://www.kiplinger.com/personalfinance/features/archives/2006/05/president.html

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Beyond the trust, the First Family's investable assets are largely in super-safe Treasury notes, money-market funds and bank certificates of deposit. The Bushes' holdings in these instruments totaled between $1.7 million and $4.4 million. The President also listed a Health Savings Account worth between $1,000 and $15,000.

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In order to have a health savings account, don't you have to have a high-deductible insurance policy?

If so, why in the world would he have a high-deductible insurance policy?

[meegbear]

1. That's the irony of it all ...

the people who fight against "socialized medicine" are the ones who are on it.

[soothsayer]

2. mebbe for the twinsies? or are we picking up the tab for them 2?

[antigop]

3. But does he have a high-deductible policy?

I could be wrong, but I thought a health savings account could be taken out if you had a high-deductible policy. True or false? If true, why would he have a high-deductible policy? Does that make sense?

[papau]

4. As to health savings account - anyone can set one up - you don't need

to have any insurance.

It is the the you "get sick, you pay everything or die "universal health" plan".

For the rich it is just one more way to not pay taxes on investment income.

As to the prior threads question on Pension plan funding dependency rations http://www.newyorker.com/fact/content/articles/060828fa_fact, that is indeed a good way to look at the health of he pay as you go funding - but only if defined correctly. And they do not defined it correctly.