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high deductible health plan

How to Setup an HSA

November 10, 2014 by Eric Rosenberg

When I started my new job in September, I had the option to sign up for either a Preferred Provider Organization (PPO) or High Deductible Health Plan (HDHP). I have always used a PPO in the past, so moving to an HDHP wasn’t something I was excited about. However, when I ran the numbers, I found that the way my company structured our plans the HDHP was going to be thousands of dollars less per year under almost any circumstance.

As a bonus, when signing up for a high deductible plan, I became eligible for a health savings account. An HSA is a pretty nifty way to save big on your taxes. And, it can have some pretty great uses that most of us had never thought of before.

[Read more…] about How to Setup an HSA

Filed Under: Budgeting, Investing, Retirement Tagged With: HDHP, health spending account, high deductible health plan, HSA, tax free investing

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I started a little side hustle blog in 2008, and left my full-time day job as a Senior Financial Analyst to turn my side hustle into a full-time gig. Learn how I did it so you can build your side hustle. It all starts with the first dollar.

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