This Secret Health Insurance Plan Saves Big
The Benefits of a High-Deductible Health Plan (HDHP)
High-Deductible Health Plans are becoming increasingly popular due to their lower monthly premiums. While they require you to pay more out-of-pocket before the insurance kicks in, they are often paired with Health Savings Accounts. HSAs allow you to save money tax-free to cover medical expenses, providing a dual benefit of lower premiums and tax savings. According to the IRS, contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free1.