How do I choose between a high and low deductible plan?

Choose a high deductible plan if you're generally healthy, rarely use medical services, and want lower monthly premiums. The money you save on premiums can go into an HSA (Health Savings Account) to cover out-of-pocket costs if something comes up. This works best when you have enough savings to cover the deductible in an emergency. Choose a low deductible plan if you have chronic conditions, take regular medications, expect surgery or frequent doctor visits, or have a family with kids who need regular care. Even though premiums are higher, you'll hit your deductible faster and pay less overall when you use healthcare often. Run the math by estimating your annual medical costs under each plan to see which saves more money.