9 ms·
Although an HSA generally can't be used for premiums (with a few exceptions).
by ihattendorf 10y ago
Although an HSA generally can't be used for premiums (with a few exceptions).
- Jtsummers 10y agoAnd you have to have a high-deductible plan. I recommend this to all my (healthy) younger colleagues. Max out the HSA while they don't need the money, let it grow. When they're older, married, kids, and generally find medical expenses increasing you can switch to a standard plan, but still use the HSA money you've accumulated. I'm at the age and activity level (and higher risk ones) where that's not a sound economic option for me, unfortunately, and didn't know about HSAs until health insurance started paying me more than I paid in (after a shoulder surgery next month, I think I'll have gotten more out of it than I've ever put in).