Jonquilyn Hill

You see that number and it can feel really good, right?

to have it be a low number.

But the tradeoff could be a high deductible, meaning that you first are going to be paying a lot of money upfront before your health insurance starts to kick in and pay for your coverage.

You can also pair that with some other things like a health savings account, which can allow you to put some pre-tax dollars aside to help pay for that deductible.

So

There is it's a it's complicated, but you want to think about how much you think you're going to be using your health care.

And, you know, sometimes a high deductible plan might be an affordable choice for you and make a lot of sense.

Yeah, you talked about that health spending account.

There's also a flexible spending account.

What's the difference between those two?

There are other ways that you can try to save some money on your health care expenditures for the year.

There's an HSA, which basically is a way of taking pre-tax money out.

You have to have a high deductible plan.

That's the key to know.

in order to have an HSA.

And then you can decide how much money you want to put aside.

That money can roll over for year to year, and it can also grow.

So it can be invested.

If you don't spend it, you can use it the next year.

An FSA is a little different.