Simply put, a financial coach whose advice has proved very helpful to me says enrolling in a Health Savings Account (HSA) is a wise thing to do, though I don't really know how to go about deciding if it's right for me. The bullet points below are ones I think important to keep in mind when deciding to stay with my current plan or switch to the savings with the HSA option. I know I'm failing to consider stuff, so what is it?
- I'm single, healthy, and don't need to visit the doctor often. We are talking one GYN visit per year, one preventative vist that includes comprehensive blood work, and say one visit for a long lasting cold that needs antibiotics.
- My current premium is approximately $49 whereas the savings one could be somewhere around $10.
- My current deductible is up to $490 whereas the savings one is up to $3,600. I did meet my deductible this year.
- Granted it's just in cash in a folder at home, I feel like I already do some of what an HSA is about by saving ahead for medical expenses.
Submitted October 01, 2018 at 10:48AM by lampu_shamu https://ift.tt/2xQhE0W
