Suzi: Bravo for the health savings account concept!!
"...The new flexible spending account limits will eventually make it much
more attractive to contribute to a health savings account, if you have a choice between the two (you generally can’t contribute to both in the same year). Like an FSA,
an HSA lets you set aside pretax money that you can use tax-free for medical expenses. But you won’t lose the money in an HSA if you don’t use it by the end of the year. Instead, money in the account can grow tax-deferred for future expenses, and you can keep the account even if you switch jobs.
You must have a high-deductible health-insurance policy -- either through your employer or purchased on your own -- to qualify to make contributions to an HSA.....
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