Health savings accounts (HSAs) are tax-preferred savings accounts set up in conjunction with high-deductible health insurance policies that are used to fund qualified medical expenses.

High-deductible health plans (HDHPs) cover a wide range of medical and prescription costs, but only after a steep annual deductible has been paid. HDHPs generally appeal more to healthier people with no chronic ailments that require regular care.

High-deductible health plans (HDHPs) cover a wide range of medical and prescription costs, but only after a steep annual deductible has been paid. HDHPs generally appeal more to healthier people with no chronic ailments that require regular care.

It’s not easy to pick the right health insurance plan. Doing so takes time and research because the stakes are simply too high to just pick the cheapest option and hope for the best.