Open an HSA Account with HDHP or keep my FSA with LDHP?

I would love some advice. My employer offers a $1,400 contribution yearly to our HSA account if we decide to open one, but you're required to sign up for a High-Deductible Health Plan (HDHP).

I have a son who has autism and he goes to speech therapy. Each session is $200 and I currently pay a $40 copay once a week. This accrues to $1,920 for the year with copay and $2,400 out of pocket. He does in-school ABA, which are daily sessions of around $150 and accrues to around $1,700 a month, but it is fully covered by Cigna (I do not pay).

I want to open the HSA solely due to the future investment opportunities it provides and the $1,400 contribution that my employer offers, but I don't think I can realistically afford paying out of pocket before meeting the deductible due to my high cost of living. The deductible is $6,500 for family & 10% after the deductible has been met for employees making over $100,000 (I make 101k). I'm also a single parent, who claims head of household.

With my situation, do you think it makes sense to just keep the FSA with a Low-Deductible Health Plan (LDHP) or attempt to open an HSA + HDHP? My fear is I'm not the ideal candidate for this type of account, since I have a dependent with frequent medical appointments and my income isn't that high to be seeing any substantial saving or investing. I'd likely be losing more money.

I'd love to hear everyone's thoughts and opinions.

submitted by /u/esq6789998212
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