Health plan with HSA eligible?

Depends. If you are healthy and need it for preventative and emergency issues. Yes. You have lower premium on the high deductible and your HSA can be used for other things. Including corrective glasses and lasik surgery.

If you have a medical condition you have regular "maintenance" on. Then no. A PPO or HMO would be better. Premium will be higher. But total out of pocket will be less. With copays in place of the high deductible.

 

What @Wasted Thyme said, with the added caveat that some HSA's are structured in such a way that if you have high expense chronic issues, they can actually end up cheaper. You just have to sit and run the numbers both ways.

Tax wise, if you are a high income earner and you run into maximum contribution limitations in your 401(k), or if you don't have access to a 401(k), then an HSA savings account can be used to shelter retirement investments from taxation. If you choose the right HSA, they allow you to invest the balance of the account into things like mutual funds, and then it becomes just another retirement account. Used that way, it lets you invest, tax deferred, beyond the annual IRA limit of $6,500 (or whatever it is this year).

 

Check with your accountant on the timing and the limit. I'm not qualified to advise on those details.