High-deductible health plans usually work best for young healthier people, while some employees don’t have a choice and are offered only HDHPs by their employer.

Both types of health insurance members should take a close look at tax-advantaged savings accounts tied to HDHPs when undergoing open enrollment with their employer.

“A high-deductible health plan literally just means that you’re paying a high deductible, but your premiums are going to be a lot smaller,” said Justin Held of the International Foundation of Employee Benefit Plans.

High-deductible health plans are typically associated with two attached accounts, a health savings account (HSA) or a health reimbursement arrangement (HRA), he said.

“These accounts can help you pay for expenses that you might incur before your deduct

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