"We saved on my monthly premiums, plus kept our doctors and our peace of mind."

Bob and Mary are married with three young children. They were tired of spending so much money a month on health insurance premiums, so they decided to switch to an HSA compatible plan. The result? They were able to keep the same doctors, had preventative care covered at 100%, and enjoyed some peace of mind from knowing that if something bad happened they would be covered.

Comparison

Summary

By switching to the HSA compatible plan, they saved over $300 a month. Although their deductible went from being $2,000 to $4,800, if they applied their annual savings to their new deductible, the HSA actually cost less than their old plan. Better yet, if they didn't have any claims for the year, they would save nearly $4000 in premiums on the new plan. Plus, even if they had a bad year and reached their out-of-pocket maximum, they would still spend far less on the new plan. If they contribute their annual premium savings into their HSA account, they would save an additional $999 on taxes. To find out how much you can save by contributing to an HSA, use our Tax Savings Calculator.