If you have a high-deductible health plan, then you may benefit by combining it with a health savings account. Not only will you be putting away money specifically for your health expenses, it also can act like a retirement account where you can take money out without penalties after age 62. However, though this sounds good, especially when you have a deductible to cover if you have an emergency, not all high-deductible health plans are eligible for this type of savings account.
18 May 2016
