A very popular Health insurance plan for healthy young people is the High Deductible Health Plan. Its only problem is high deductibles and that is where the Health Savings Accounts come into play.

A Health Savings Account, or HSA, is a tax advantaged savings plan that is designed to set aside money for the payment of certain medical expenses including deductibles and coinsurance payments. In order to enroll in a Health Savings Account, you must be first enrolled in a High Deductible Health Plan.