The fall is often when many of you, like us, are eligible to change your healthcare plan for the following year, and this week's blog focuses on one option that could help you in your wealth-building process.
If you're like us, even though you work in healthcare, thinking about health plans is not very exciting. This is especially true if you're blessed to be healthy and never need to see a doctor. However, deciding which type of plan to choose can lead to significant benefits down the road as you work to build significant wealth.
While there are many options to explore when selecting a health plan, we would argue, a high deductible health plan (HDHP) combined with a health savings account (HSA) is one of the best options to consider. In this blog we'll break down how this plan works and the benefits to selecting such a plan.
What is an HDHP?
Healthcare.gov defines an HDHP as:
"A plan with a higher deductible than a traditional insurance plan. The monthly premium...