Advantages
There
are five main advantages.
First, you gain control over your health plan.
Second, you receive quality health care for less money.
Third, you realize tax-deferred savings on the growth of your money in your HSA fund.
Fourth, you accrue tax-deductible dollars for a wider array of
health expenses. You're not just limited to what the insurance company
will pay for.
Fifth, you enjoy account portability. You don't just have the coverage
while you are with your current firm. As you change jobs or start your
own business, your HSA stays in place.
Disadvantages
Geeze -- we can't think of any -- except
if you are already chronically ill. In that case, your HSA fund will not
have an opportunity to grow as well.
