5High Deductible Insurance with Health Savings Accounts
High deductible health plans provide lower premiums for a higher deductible. In general, plans with a higher deductible would cover preventive care, such as certain drugs, health screenings, and vaccines, before the deductible is met. This makes it a popular option among healthy and young people who do not have many healthcare costs and do not want to pay high premiums.
Health savings accounts are made to work with high deductible insurance health plans. After getting a high deductible insurance health plan, you need to check to make sure that you also:
– Are not eligible for Medicare
– Do not have other health insurance plans
– Cannot be claimed as a dependent on others’ taxes [7]
