Years ago, I selected a lower-cost high-deductible health plan with my employer and opened an HSA account. Best move I ever made with my health insurance. Now I'm building up serious money to offset out-of-pocket expense as my contributions are well in excess of my maximum deductibles - which I rarely reach anyway.
What that means is no out-of-pocket medical expenses anymore while I build a nice little nest egg that I can tap into when I'm older.
Just make sure it's an HSA (Health Savings Account) and not a FSA (Flexible Spending Account) as FSA's are much more limited and are usually "use it or lose it" type accounts. Also, FSA's aren't as portable should you change jobs.
In theory yes because the employee is just going to the individual market to buy a policy that isn't linked to an employer.
One caveat is in order to keep the same plan you'll have to stay in the same state.
It does...