Should You Switch to a Health Savings Account?

The high cost of health insurance has led to the expansion of an extremely popular type of healthcare plan called a High Deductible Health Plan (HDHP).  This type of plan, in conjunction with a Health Savings Account (HSA), is becoming the healthcare plan of choice in the United States.  It is clear that the enrollment trend is way up for this type of coverage.  At my place of employment, this option was added to our available healthcare choices, a couple of years ago.

via Should You Switch to a Health Savings Account?.

This is far and away the most sensible way to approach health insurance. Since you pay a lot of costs up front, it trains you to avoid the “health care is free” syndrome, i.e. become a better shopper. But it also covers you for the great big emergencies, so uou’re not vulnerable to a sudden huge financial calamity. This kind of insurance actually behaves like other forms of insurance (house, car…) instead of an “all you can eat” smörgåsbord, which is what makes health insurance so expensive.


One response to this post.

  1. health plans may be expensive but it is really very necessary to get one for yourself ..”


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