HSA plan : article

Question 1

Health Savings Account (HSA) also known as

Answer 1

HDHP- High Deductible Health Plan

Question 1

hsa purpose:

Answer 1

open an HSA, a type of savings account that lets you set aside money on a
pre-tax basis to pay for qualified medical expenses (like some dental, drug, and vision expenses)

Question 2

how does HSA lower costs?

Answer 2

you enroll in an HSA-eligible plan, you may pay a lower monthly premium but
have a higher deductible (meaning you pay for more of your health care items and services before the insurance plan pays

Question 3

HSA-eligible plans must set a minimum deductible and a limit, or maximum, on out-of-pocket costs for both individuals and families