Many people are at least somewhat familiar with HSAs (health savings accounts). These tax-advantaged savings vehicles are coupled with high-deductible health plans (HDHPs). In order to open a health savings account, one must have a qualified HDHP (sorry for all the acronyms!) Whether you have a personal plan or an employer-sponsored plan, the HSA plan option has probably been offered to you sometime in the past several years.
For the most part, folks tend to stay away from HSAs because they are unusual and seemingly present a much higher out-of-pocket risk.
