How to use your saving for retirement
High deductible health plans typically have lower monthly premiums and higher annual deductibles that traditional health plans. They are designed to insure against major expenses, but they don't provide much coverage for routine medical expenses. For example, a trip to the doctor's office for a cold or the flu will probably not be covered under a HDHP unless you have already met your annual deductible. This is where a health savings account comes into play. A HSA is used in conjunction with a HDHP to pay for smaller, routine medical expenses like a doctor's visit.