I made a comment a few months year ago on a post offering financial advice to younger people on finances. The writer advised signing up for an HSA (health savings account) and I advised being careful about one.
A quick back and forth earned me the comment that I should write about my experience, so here it is.
Just to be clear: I am not saying that HSAs are bad; in fact, for many people they are great vehicles for saving (and investing!!) for the future.
I’m just saying that an HSA was a bad idea for me.
Below I will go through why the HSA and accompanying HDHP (high deductible health plan) didn’t work for me and my husband, and point out a few things to think about before deciding on the HSA route for you.
Continue reading “Why I Won’t Sign Up For An HSA Again”