Many individuals or families opt for a less-expensive, high-deductible health plan (HDHP). The HDHP gives them a lower monthly premium. The downside is there’s a high deductible before benefits apply. This could be a hardship if you have a real need for medical care.
But there’s a way to ease the high deductible pain. Enrolling in a health savings account (HSA) can help you with a high deductible and provide tax savings.
