High deductible plan with Health Savings Account questions.?

Question

I am starting a new job where I will have a $2200 deductible plan, but the company that I will be working for will be putting $2200 in the health savings account. Does this money in the account go towards dentist visit, perscriptions, etc? Once the $2200 is exhausted, then the normal health insurance kicks in, correct? I know it doesn't cover dental, but with all of this money in the account, is it worth getting additional dental insurance? Thanks for any help.

Answer 1

The money they put in the health savings account is yours for whatever you want to do with it, healthwise, that's not covered by your plan.  So yes, you can use it for dentist, prescriptions, co-pays, etc.  

Yes, once the deductible's met then your health insurance kicks in.  

And finally, dental plans are one of those things you want to compare price of how much it'd cost to go to the dentist twice a year, versus how much it'd cost to have the additional coverage.  Unless you anticipate a lot of dental work this year, a couple cleanings a year normally isn't offset by the additional premiums.  Check around and make sure though.

Answer 2

You can use the money for any eligible medical expenses. (I do know vitamins don't count). After you meet your deductible your health insurance will kick in. The company you are working for basically paid for your deductible so you shouldn't have any out of pocket expense until you meet your deductible.