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• Consider an HSA during open-enrollment season

  Posted Nov 02 2007, 09:10 AM by Karen Datko
  Filed under: Investing, Retirement, Insurance, Taxes
  Many employers are holding open enrollment in health-insurance plans, so it's time to think about your options as the cost of insurance continues to rise . The Sun's Financial Diary , in two excellent and comprehensive posts, explores switching to a high-deductible plan partnered with a health savings account . If your employer doesn't yet offer this combination, and you're unhappy with the available plans, you can pursue it on your own . Sun notes that an HSA allows you to invest pretax money to build savings for future health care and, eventually, retirement spending, but you must be enrolled in a high-deductible plan to start one. (We'll add that for people who don't have health insurance , the lower premiums of a high-deductible plan might put the cost of health insurance within their reach.)
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