Determine If You Have Enough Health Insurance Coverage
Make sure the doctors and hospitals you’d like to use are covered when choosing a plan during open enrollment. Also check coverage for your prescription drugs, and understand the appeals process if your claim is denied.
If you have a policy with a deductible of at least $1,350 for single coverage or $2,700 for family coverage, you can contribute up to $3,500 to a health savings account for single coverage or $7,000 for family coverage in 2019, plus $1,000 if you’re 55 or older. Contributions are tax-deductible (or pretax if through your employer) and can be withdrawn tax-free for eligible medical expenses in any year.
