Only you can determine if a Health Savings Account with a High Deductible Health Plan is right for you. However, an HSA does offer many advantages, including:
Portability. You can take 100% of the deposited funds with you when you retire or change employers. You are the account owner.
Flexibility. You can choose whether to spend the money on current medical expenses, or you can save your money for future use. Unused funds remain in the account from year to year and there is no “use it or lose it” provision.
Tax Savings. Contributions are tax free (pre-tax through payroll deductions or tax deductible). Earnings are tax free. Funds withdrawn for eligible medical expenses are tax free.
Premium Savings. An HSA-qualified insurance plan tends to be less expensive than a traditional insurance plan.