Nov 18, 2022
High Deductible Health Plans and HSA
Hello, I'm moving jobs to another company, and it seems like they only offer a High Deductible Health Plan for insurance. They are offering a Health Savings Account, but I'm wondering how most people utilize this. From what i've heard, people kinda use their HSA as a retirement account, putting maximum amount of money in it, continuing to invest in it while using their card for health costs, and saving the HSA up for the time when they really need a lot of medical fees (Aka after retirement). Is this really how most people use it for? How do I maximize utility of my HSA?