Perhaps you are one of those Americans who have a health savings account and a health plan, high deductible insurance. I had one of these policies for many years and I love it. In theory, it costs less in the long run, because the premium is high for a low deductible insurance.

Insurance is purchased to protect you from financial ruin in case of very large hospital / physician Bill (a debilitating disease). You use the savings account (which is tax deductible and the interest builds tax-free) to pay your deductible in the insurance and healthcare costs associated smaller. You can even use it for over cost, not necessarily by your insurance such as services from your dentist, chiropractor, eyeglasses, etc. If you are healthy and not much on health care, the money is collected when you need it . It’s a bit like an IRA. » Read more: Pet Health Savings Account