Reply to Employer only offering high-deductible HSA in the future

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[quote=Anonymous][quote=Anonymous]The pros are a lower monthly deductible and the opportunity to set aside money (I think $6250 for family, I have to set mine up this month) on a tax deferred basis.  You are not required to use the HSA for your health expenses and no loss of unused funds so you can let it continue to grow on a tax deferred basis, which is what we plan to do.

Cons are high deductibles (ours is $5200) which means you are paying most of your expenses out of pocket.  Of course if you use the HSA funds you can offset that.  I think they come with cards that make it easy to use the HSA funds.

We have found that the lower premium offsets the high deductible so we're better off with the arrangement.  But it would depend a lot on your use of health care and how much your employer contributes to the premium.[/quote]

This has been our experience with our HSA. Before switching, refill all your prescriptions and get as many doctor visits done. That stuff will cost lots more after a switch to HSA. With the HSA we pay $400 per month and about $100 for each prescription, $50/ doctor visit. This is still less than the $800/month we were paying prior to switching to HSA. We're self-employed.[/quote]

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