Tag: HDHP

Decoding Your Health Insurance: A Simple Guide to HSAs & More
October 24, 2025 Off

Decoding Your Health Insurance: A Simple Guide to HSAs & More

By The Admiral Staff

This article explains Health Savings Accounts (HSAs), which are tax-advantaged accounts that allow individuals with high-deductible health plans (HDHPs) to save for medical expenses. Key points include: contributions are made with pre-tax dollars, funds can be invested, and withdrawals for qualified medical expenses are tax-free. To be eligible, you must have an HDHP (deductible of at least $1,650 for individuals or $3,300

Should You Switch Health Plans During Open Enrollment? 4 Questions to Ask.
November 3, 2024 Off

Should You Switch Health Plans During Open Enrollment? 4 Questions to Ask.

By The Admiral Staff

During open enrollment, employees can adjust their health insurance plans, including switching to high-deductible plans (HDHPs) with Health Savings Accounts (HSAs). While HDHPs offer lower monthly premiums, they require higher out-of-pocket expenses, which can be risky in case of significant health issues. The article advises considering health status, financial stability, job security, and comparing plan components (premiums, copays, deductibles, coinsurance, and HSA/FSA contributions