5 ms·
While not applicable for everyone (such as your asthma inhaler example), HDHPs aren't bad for people who don't have regular health expenditures. I like my HDHP
by apazzolini 7y ago
While not applicable for everyone (such as your asthma inhaler example), HDHPs aren't bad for people who don't have regular health expenditures. I like my HDHP for two main reasons:
- Regular annual checkups are still free
- You get access to an HSA account, which is effectively the most tax-advantaged retirement account available. You can deposit income pre-tax, invest the balance (minus a few hundred), and withdraw tax-free as well for either health expenses (at any time) or for any purpose (after 65).
- dkarl 7y agoI love my HSA as well, but perhaps there is another viable way to offer them besides linking them with HDHPs.
- NotSammyHagar 7y agoWhy I was 25 I hardly ever got sick. Now I'm double that age, and I'm in good shape but eventually something will happen. When I was 25, I could have had a hdhp then, but I was a super poor grad student and got whatever my university offered, a regular plan. Eventually I got a real job, there was no hdhp offered and I had regular insurance. The thing was, by being part of a larger pool, I was helping make insurance reasonable for everyone. That's as it should be. I do think ubiquitous health insurance that everyone has will save money in the end, and it's a humane necessity.
- PaulHoule 7y agoYou are right that the HSA is a nice complement for the HDHP. If your employer has an HDHP and puts a good chunk in your HSA for you that could be a better option than a conventional plan.