re: Talk me out of choosing a high deductible plan + HSA

quote:

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The $2600 in contributions to the HSA will more than make up for the difference in deductibles but I definitely see that we will be financially at risk if, for example, somebody breaks an arm at the beginning of the transition.

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That's the risk. If you can get past the first few months, you will be good.

Does your current plan have co-pays? Remember in a co-pay plan, many things are via co-pay from dollar one. For example, my kid has as ear infection. Goes to doc. We pay $25 co-pay. Does NOT count toward deductible. If we had an HSA... we would have paid $190, but it DOES go toward deductible.

If you don't have co-pays, and everything is subject to deductible from the start, then I think it's an even better decision to move to the HSA.

It would help if you had $4,000 in savings that you can access from the start in case of emergency, it would also help if you could throw some additional money at the HSA contribution ($1,400 per year at least so you are covering the full deductible).