Example
HDHP plan where you pay $30 every month
Full price at doctors, deductible of 5k (80/20 after), max out of pocket 10k
Setup HSA to contribute $200 every month (tax benefit)
If you go to doctor 2-4 times a year for minor stuff it works out great for you.
If you use if for 4-5 years, savings add up and have some security in the future towards medical related costs.
Does not seem to work great for families with kids or someone who frequently visit the doctors, for young singles with no health issues it can work out great.
Does not seem to work great for families with kids or someone who frequently visit the doctors, for young singles with no health issues it can work out great.