I currently have been using an HSA account for the past few years and think they are a great idea and plan to use them throughout the rest of my career for its various benefits (my wife and I are completely healthy). However, my wife and I will likely be trying for our first child in the coming months and I was wondering, when is it not worth it to get the HSA account. If we're expecting a delivery in the next year or two, the hospital charges for the delivery alone could likely be outrageous and it might make sense to have a health plan that covers a lot more.
Along those lines, what about when you have young kids for the first few years and they are always sick. Does it make sense to keep the HSA, keep me on the HSA and the rest of my family on a higher plan (two separate employers) or put the whole family on a more comprehensive plan? When does everyone advocate making the switch from HSA coverage to more robust plan when discussing a full family.
Along those lines, what about when you have young kids for the first few years and they are always sick. Does it make sense to keep the HSA, keep me on the HSA and the rest of my family on a higher plan (two separate employers) or put the whole family on a more comprehensive plan? When does everyone advocate making the switch from HSA coverage to more robust plan when discussing a full family.
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