Money: 4 Things You Should Know About Health Savings Accounts

Despite conventional wisdom, HSA-eligible plans can pay off even if you don’t have ultra-low medical bills. High-deductible employer plans generally cost individuals $1,000 to $2,000 less in annual premiums than traditional insurance, says Eric Remjeske, of HSA consultant Devenir. And many firms sweeten the deal, adding an average of $1,021 to workers’ accounts, the Employee Benefit Research Institute (EBRI) finds. One way to compare plans is to weigh worst-case scenarios: To do so, add the out-of-pocket max to your yearly premium.