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Is my medical insurance good?

I used to have Pacific Care HMO from my employer. It was the usual. My payments were deducted from my weekly paychecks. And whenever I needed to go to the doctor, I would just make my appointment, show up, show my insurance card, and pay my $20 co-payment. The insurance would take care of the rest. Simple as that. Now we switched over to a new insurance called United Healthcare PPO. It has an HSA account which stands for Health savings account. They tell me that whenever my money is deducted from my paychecks for health insurance, it goes into my HSA account and that is my money that I have for health costs. They also gave me a debit card for that savings account to use to pay for medical expenses. So pretty much, if I get hurt within the first year of having this insurance, I'm screwed because I wouldn't have enough to cover the costs. They tell me it's really good but I don't buy it. I think my employer went cheap on us. I don't understand this system and I wish we stayed with the old one. Does anybody else have this insurance? Does anyone have any good information it. Any info would be helpful.

Public Comments

1. sounds like a bad set up. I have private blue cross and blue shield. I'm covered for one million for medical but I pay $520 per month for one person plus co-payments for doctor visits and they pay very little towards prescriptions..
2. I like HSA qualified plans and they are good in most cases. I have one for my own policy. For many people it can save money, plus in catastrophic cases it will offer better protection with less out of pocket costs. However, just like anything else if you don't understand how it works it can be confusing. You'll need to ask for more information from your employer or the insurance representative because these plans can be set up a variety of ways and no one on answers will know how yours is set up. Some employers will pay the entire insurance premium and your paycheck deduction will go into the savings account, which is what it sounds like you are saying, but this is not always the case. Some employers will put a $ amount into the account to start you off so you won't be "screwed" if you get hurt. Any money that is in the account that doesn't get used rolls over each year, and this money is yours (within IRS guidelines) even if you leave that employer.