Re:The Collapse of U.S. Healthcare – The Perspective of a Pr...
by lotsofpulp on Thursday January 12, 2023 @08:40AM
(#34353300)
>I still have about 3 days during which I can switch my insurance for 2023; was thinking of switching to a high-deductible plan since I don't anticipate using my plan much in 2023)
If you have sufficient cash flow and savings to afford out of pocket maximum (usually $10k or so for a family), and you can max out contributions to an HSA, it is always advantageous to opt for an HSA eligible plan (which are legally defined as High Deductible Health Plans, but they will say “HSA” in the name of the plan).
This is due to the triple tax advantages of an HSA, which surpass any other type of investment vehicle.
If you have sufficient cash flow and savings to afford out of pocket maximum (usually $10k or so for a family), and you can max out contributions to an HSA, it is always advantageous to opt for an HSA eligible plan (which are legally defined as High Deductible Health Plans, but they will say “HSA” in the name of the plan).
This is due to the triple tax advantages of an HSA, which surpass any other type of investment vehicle.