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Health Savings Account Plans Wiki Question & Answers

2013 December 2
by Sarah Fields

James asks…

what is cpf account No.?

Sarah Fields answers:

1. CPF A/c No. Is:

– Central Provident Fund Account Number – Singapore.

– Contributory Provident Fund Account Number – India.

2. In Singapore, the Central Provident Fund(CPF) is a compulsory comprehensive savings plan for working Singaporeans and permanent residents primarily to fund their retirement, health care and housing needs. It is administered by the Central Provident Fund Board, a statutory board under the Ministry of Manpower. For more details, please read at:

3. In India, the workers make a contribution to their Contributory Provident Fund, with matching contribution by the employer.


George asks…

Why do Republicans always promise tax cuts and paint Dems as big taxers while running for office?

Painting Democrats as “big taxers’ is the oldest trick in the GOP playbook. Reagan did in against Carter and then came into office and waged a full on war on the poorest of our country with his Reaganomics while pandering to the extreme right social agenda. It is clear he was the grand daddy of the “tickle down Voodoo economics. Then it was George H. W. Bush who said “read my lips: no more taxes” while running against Dukakis. He came into office ran a 4 trillion dollar debt and record job losses,,then raised the gas tax while in office trying to debt relief. Nothing worked until Clinton came in and cleaned up the mess and left office with a balanced budget and a surplus. Then comes G. W. Bush promising tax cuts saying Gore will raise taxes,,and we all know how that story ended. With a hefty $700 billion tax burden and a sky rocketing national deficit. All the while he gave $750,000 average tax cut to the fortune 500 CEOs.
That brings us to McCain,, talking about tax cuts for the wealthy. He is going to increase the $750,000 fortune 500 CEO Bush tax cut. He is also going to tax our health benefits for first time in history and has a plan to buy toxic mortgages at 100% face value so we the tax payers can bail out banks that gave criminal loans and fools who signed up for these criminal loans while using the equity from their houses to buy RVs and go on vacations. How is that not spreading the wealth? Oh, and he is planning on balancing the budget while we are headed to a recession. Did McCain miss economics 101 class? (Obama said he will be working on a deficit till the economic crisis ends) Also he is going to continue this $10 billion/month Iraq war with no ending in sight. His only form of ‘savings’ is cutting ear marks and pork barrel which accounts for less than 1% of the federal budget. Does McCain know how to grow money on trees?

Sarah Fields answers:

Well, it won them elections. I’m hopeful those days are over. The Republican low taxes rhetoric is one of the biggest frauds in American politics. They deliberately underfund essential government services to the brink of collapse, then use the inevitable poor service as proof government can’t do anything right and a justification for even less government services and more privatisations. It’s a self-fulfilling prophecy.
In his book Social Theory and Social Structure, Merton gives as a feature of the self-fulfilling prophecy:
“ The self-fulfilling prophecy is, in the beginning, a false definition of the situation evoking a new behaviour which makes the original false conception come ‘true’. This specious validity of the self-fulfilling prophecy perpetuates a reign of error. For the prophet will cite the actual course of events as proof that he was right from the very beginning.[1] ”
In other words, a prophecy declared as truth when it is actually false may sufficiently influence people, either through fear or logical confusion, so that their reactions ultimately fulfill the once-false prophecy.


Funny thing is they never update their talking points it seems. The old Bush called Clinton a socialist too. America didn’t buy it then, partly because of the circumstances, partly because of the political talent of Clinton. Circumstances are worse today and Obama is a very talented politician so chances are Americans will reject the low tax lie in 08. However the underlying issue remains. Taxes aren’t the enemy, it depends on how they are spent.

After swallowing 30 years of small-government rhetoric, our infrastructure, once the pride of the developed world, is falling apart around us. We’re reaping what we’ve sown

Taxes are part of an agreement that voters make with government, a contract in which citizens agree to exchange their money for the government’s goods and services. To consume these goods and services without paying for them is itself theft, and is rightly punished as breach of contract. Some may object that they have not agreed to the contract, but if so, then they must not consume the government’s goods and services. Furthermore, contract by majority rule is better than by minority rule, one-person rule or anarchy (which results in kill-or-be-killed). Opponents of taxation under democracy are therefore challenged to find an improvement on democracy.


No one truly makes 100 percent of his money by himself. Individuals depend on a wide array of government services to support the very free market in which they earn their money. Without these supports, there would be no free market in the first place

Powell was right on about this charade.

Sandra asks…

Medical bill?

Two months ago, I went to the ER because I thought I had appendicitis. I declined most of the tests because I had no insurance, but opted only for the CT scan without contrast because it was the most reliable.

I got a bill in the mail today for $13,000. My husband and I don’t have nearly that amount. We’re both still students and are living on an extremely tight budget.

If I talk to the billing department at the hospital, will they reduce the bill? Will they hunt us down if we don’t pay? Also, is it better to get it over with and pay the money or wait in hopes that they will write it off?
We really, really cannot afford this.
I didn’t have appendicitis, by the way, so the 13K is for a CT scan & a blood panel.

Sarah Fields answers:

You can thank the special deals handed to the large insurers for your being given a RIDICULOUS bill.

You can NOT afford to duck this bill–it will follow you and hospitals are getting more and more aggressive with their collections.

As the bill is completely outrageous, your first step is to talk to the finances department and see what they will do to lower it. Make sure to inquire about “charity care” given your limited incomes.

You may also want to check out this site:

Note this new wrinkle in predatory collections:

IF you can have insurance, even only catastrophic coverage, you MUST. If you think this is bad, you have see NOTHING yet, my dear. I’d advise checking into an HSA:

Use something like to search for an HSA.

BTW, if you’d like to read a sensible plan for US health care, check out the PDF at this site:

Please do look at the links provided. You were lucky this time–it’s getting far worse and if you needed surgery, you can rest assured you’d have been looking at $50K easily for the surgeon and hospital. We MUST address this insanity before it’s too late.

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