New Health insurance, Now HSA
Need some insight from the experts.
I always had a EPO type of insurance from my employer. Now it has changed to HSA type and has a $4000 deductible for my family of 3. I am on this full-time job just 2 years now. Never looked into tax savings options.
I was wondering how best I could use this $4000 to deduct from my taxes. I use quite a lot of prescription meds for my chronic conditions. Without insurance, they cost about $500 for 3 month supply. I do not take much of OTC medications.
Any insight in this regard is welcome.
Many thanks in advance.
(P.S. - If you need any more information, please drop a line and will update)