Reply to Anyone have experience with a "high deductible" health insurance plan?

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[quote=Anonymous][quote=Anonymous]My dh's employer, drops $1000 into the HSA account at the beginning of each year. Basically, the first thousand is on them. The idea of an HSA is that it encourages the participant to be much more frugal about their medical care. I know I am more careful about pricing medication at different pharmacies to see which one is cheapest.[/quote]

Yes, many employers provide HSA contributions for at least 1-2 years after they do a switch to a HDHP. It probably won't be your full amount, but it should be a good start. In 2007, my employer switched to a HDHP and for about 5 years, we got an annual deposit. They stopped making that contribution after a lot of balances were built up.

As many others have said, the premiums under the HDHP should be much less than under your previous plan. Take that excess and put it in the HDHP (pre-tax) to help meet your expenses. The money in your HSA is yours (forever) and does not go away when you terminate your job  (either voluntarily or involuntarily).

Good luck. [/quote]

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