Who should get an HSA?
The real question is: Who should have a high-deductible health plan (HDHP)? Obviously, enrolling in an HSA is a no-brainer for anyone who already has such a plan. A high-deductible plan is an affordable option for anyone who is self employed and forking over a lot of money for insurance. The plan is also a smart move for anyone who is not employed and is without insurance. But what about the average employee who is working for a medium- or large-sized company and already has health insurance? Should everyone consider switching to a high-deductible plan? A high-deductible plan will cover preventive care and will cover you if high-cost disaster strikes. You have to decide: Are you willing to take the risk of paying for semi-expensive items that may cost as much as $5,000 out of your own pocket in return for significantly lower premiums and tax savings? If you are young and healthy, chances are you don’t do much more than visit the doctor for an annual exam. If you’re like most people, yo
