Since Nov 1, the employer changed health insurance from EPO-type to HSA-type with deductible of $4000. Reading around the web gave me a clue that I can 'open HSA account and contribute to it'. This money can be used towards my prescription drugs. Medco is charging me more than what Walmart will for 3 refills of 30-day supply so I would like to minimize these costs.
Can anyone explain me, in a bit didactic fashion, considering I am total noob (because I really am), on
- how and where do I 'open' this account?
- If the contributions to this account have to be made by me and my employer? (I have a family plan, employer pays for me and I pay for the family)
- If these contributions have to be same every month?
Thanks a ton in advance.
Can anyone explain me, in a bit didactic fashion, considering I am total noob (because I really am), on
- how and where do I 'open' this account?
- If the contributions to this account have to be made by me and my employer? (I have a family plan, employer pays for me and I pay for the family)
- If these contributions have to be same every month?
Thanks a ton in advance.