Choose your plan wisely.
Tis the season of open enrollment and if you are like me, you’re trying to figure what you’re going to do about your health insurance for the coming year. On top of choosing the right coverage, you also have to decide what additional health savings plan works best for your situation. Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs) and Flexible Spending Accounts (FSAs) are gaining popularity with employers (especially employers with younger and healthier workforces). Many companies are offering their workers the option of enrolling in an HSA or similar account instead of the usual HMO or PPO. Here’s how these new consumer-driven health savings accounts work.
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