This article has been updated for the 2023 & 2024 tax years. A few years ago, I moved from a traditional PPO health insurance plan to a high deductible health plan (HDHP) that was paired with a health savings account (HSA) during my employer’s open enrollment period. Why? I’m young, healthy, and I haven’t been to the doctor more than a few times in the last few years (knock on wood). As such, a HDHP offers me lower premiums than a traditional health insurance plan. That was a huge selling point, but the even bigger selling point of the HDHP
The post What is a Health Savings Account (HSA)? 2023 & 2024 HSA Basics appeared first on 20somethingfinance.com.