Using pretax health savings to keep more money in your pocket

Your health insurance doesn’t cover everything. Most plans have co-pays for prescriptions in addition to also doctor visits, in addition to also you also have to spend a certain amount of your own cash before you get full coverage, from the form of a deductible.

For most modest employer plans, deductibles currently average about $2,000 a year, according to benefits consulting firm Mercer. which’s double what deductibles were a decade ago.

If you have high medical costs, or think you may need high-cost care like surgery or you’re planning to have baby — which pays to put cash aside for those out-of-pocket costs pre-tax.

There are two kinds of tax-advantaged savings accounts which let you put money away for health care needs, depending on what kind of health plan you have.