Most years, most people don’t use that much health insurance. However, the reason people buy health insurance is because eventually most of us do have a big, unexpected expense that could wipe us out financially. The best way to protect against that expense is to have both health insurance and a Health Savings Account (HSA). The benefits of an HSA are:

*You will be able to take a deduction on your taxes as you deposit money into this HSA account.

*The savings over time is usually enough to cover any anticipated qualified medical expenses that you will have.

*Premium exposure on the HSA-qualified High Deductible Health Plan may actually be a lot lower than many copay plans.

On the other hand, those that continue to purchase more expensive copay plans might have a tough time paying their share of the bill when that big, unexpected claim does happen.