Engineered Wealth

Is a High Deductible Health Plan Worth It? How We Use Our HSA

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Is a high deductible health plan (HDHP) worth it? For our household, the total yearly cost of an HDHP came out about the same as our old traditional plan, two years in a row. The difference: the HDHP gave us access to a Health Savings Account (HSA), which is pre-tax going in, grows tax-free, and comes out tax-free for qualified medical expenses.

In this episode, I walk through how we compared…