With the costs of health care rising dramatically every year, both companies and individuals are trying to find ways to lessen the financial pain. One option is a (HDHP) coupled with a Health Savings Account (HSA).
Many of you may already have this option, or your company is rolling this out in the near future. It can help cut costs and boost savings, but it isn’t right for everyone. There are a few facts to consider before deciding what is best for your situation.
A High Deductible Health Plan is exactly what it reads like: An insurance plan with a high deductible but a very low premium. It is available to anyone whether you are self-employed or an employee.