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This Bengaluru startup is planning to launch Health Savings Account; here’s how it will help users
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financialexpress.comThe rising cost of healthcare, especially during the Covid-19 pandemic, has impacted millions of families in the country. While health insurance plans provide respite to some extent, individuals and families end up spending a large chunk of their health budget on pre and post-hospitalization expenses. FEDO, a Bengaluru-based startup, is planning to provide a solution to this problem with the launch of a Health Savings Account( HSA).
In an email interaction with FE Online, Prasanth Madavana, Co-Founder and CEO, FEDO, explained the details of HSA and why there is a need for such an initiative. Excerpts:
What is FEDO’s health savings account? How will it work?
FEDO HSA is a unique savings account that can be used to pay for qualified medical
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