Can anyone provide me with info about HSA’s (Health Savings Accounts) in layman’s terms?
Robbie V asked:
My employer just informed me that we can open a HSA on a pretax basis. It’s brand new to them and Human Resources isn’t knowledable on it yet. I understand that I have to have a High Deductable Health Insurance Plan (our company provides that option and labels it as being meant for people opening a HSA).
My employer just informed me that we can open a HSA on a pretax basis. It’s brand new to them and Human Resources isn’t knowledable on it yet. I understand that I have to have a High Deductable Health Insurance Plan (our company provides that option and labels it as being meant for people opening a HSA).
If i contribute to a HSA how does it benefit me if I can’t use the money toward my deductable? I mean, if I go in for a normal office visit, it’s about 65 buck out of pocket, about 15 with the normal health insurance. what would it be under the HSA with a High Deductable plan… I also have an option of a “Bridge Plan” that’s about 15 bucks a week and only covers office visits and x rays, etc, nothing “catastrophic” as they call it.
So what would be the best combination? I can choose between having a FSA or HSA, and having the Bridge Plan, or multiple levels on BCBS. The Bridge plan works with the FSA, and the HSA only works with the high deduct. plan under BCBS.
Thanks! 
Erich Brown
I believe it is an account that you can place pre-tax dollars into to save for medical related expenses. Thus you will not be taxed on the money you place in the account. I recommend ask to talk to your companies insurance agent.