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Create a Health Care Savings Account in 2018 and Revisit Health Insurance Coverage

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You need to have a “high deductible plan” to set up a Health Savings Account.  With a high deductible plan, you will pay less in premiums, but will initially pay more when you have a claim, since you must first exhaust your deductible.

You should check out the administrative fees charged by a particular Health Savings Account as these can vary greatly.

What about your health insurance coverage?  Obviously, the healthcare law is in serious flux with the TCJA.  We will address all the ins-and-outs of various insurance options in future newsletter issues.

Category: Tax

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