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Open Enrollment Decisions: Using Health Savings Accounts

October 27, 2021 (3 min read)

Controlling health care costs, especially the cost of coverage, is key to many consumer-employees in making open enrollment choices. Health savings accounts (HSAs) are used by individuals who choose high-deductible health plan (HDHP) coverage, allowing the employee to benefit from the tax-free treatment of contributions that can satisfy medical expenses, like deductibles and out-of-pocket medical expenses, incurred during and after employment. HSAs are available either from vendors individually or in connection with employment.

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