for questions that relate to the health savings accounts. An HSA is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plans.
2
votes
1answer
71 views
Is there a problem with buying small amounts of a no-fee mutual fund every two weeks?
I am treating my HSA as a retirement account. To max it out I contribute about $100 every pay period (roughly every two weeks) pre-tax, plus employer contributions sprinkled in occasionally. Once I ...
8
votes
1answer
90 views
What happens to an HSA when I am no longer eligible to contribute?
Can I still make qualified distributions from an HSA (Health Savings Account) if I am no longer eligible to contribute? Otherwise, what happens to any remaining balance in the HSA?
Example: Say I ...
3
votes
2answers
99 views
If I don't participate in my employer-sponsored FSA, can I open my own HSA?
My employer offers/manages an FSA (Flexible Spending Account) as part of my health care plan. I put in $800 last year and barely managed to use it up, including expenses in the allowed grace period ...
5
votes
1answer
72 views
Rules about spouse's HSA
My spouse and 2 kids have high deductible insurance, but I do not. If my spouse contributes to an HSA, could that money be used for my medical expenses, or only for expenses for the rest of the ...
5
votes
1answer
205 views
Can I change banks for my HSA account?
My employer provides a High-deductible health plan with HSA option. One thing I was surprised by was how many fees were associated with the HSA account offered through my employer (the HSA is ...
6
votes
1answer
139 views
HSA qualification and contributing with multiple HDHPs?
So I've read the IRS publications and I'm still kind of confused.
I have single coverage on my employer's health plan with a qualified HDHP and along with an HSA. This is pretty clear cut.
I am ...
4
votes
1answer
58 views
HSA without a HDHP [USA]
I had an HSA with an HDHP with a former employeer. I left that company and now have a traditional health insurance plan.
Should I continue to contribute to my old HSA account?
Are there any tax ...
3
votes
1answer
83 views
HSA: Is the employer responsible for reviewing medical expenses? Are employer-made HSA contributions deductible health care expenses?
Two questions.
Is the employer responsible for reviewing medical expenses?
Are employer-made HSA contributions deductible health care expenses?
6
votes
1answer
182 views
Can I get a rebate after using my HSA?
I used an HSA to buy some contact lenses. They came with a rebate form that I can send in to get a refund of about 1/5 of the purchase price. Is it okay to send away for the refund after using the ...
7
votes
1answer
64 views
Am I elligible to contribute to an HSA plan if my spouse is on Medicare?
I'm a little confused about the IRS qualification rules for an HSA account specifically with respect to Medicare. The eligibility rules state that You must not be currently enrolled in Medicare.
So, ...
-2
votes
2answers
86 views
Why are some health insurances marked as not HSA eligible but meet the IRS's requirements?
When comparing two different CareFirst plans, they are almost exactly the same (deductible, coverages, etc) however for "HSA" one of the plan says not eligible while the other says eligible. I have ...
2
votes
1answer
66 views
Withdrawing qualified HSA expenses many years later, to earn interest?
Say I have $2000 in my HSA account and have a $1000 medical bill in 2012. If I were to pay the $1000 bill out of pocket and let that $1k left earn interest in my HSA for a significant amount of time ...
9
votes
2answers
125 views
Tools for comparing costs between different healthcare providers?
I have a high deductible health insurance plan. That means the first $2000 or so expenses per year are not covered by my insurance.
What's a good way to compare health care costs from different ...
5
votes
1answer
117 views
When can I roll over a HSA?
I have a health savings account with a high-deductible health plan. Because my employer pays less for the plan than for other insurance options, they are willing to contribute money to my HSA account ...
11
votes
1answer
172 views
Using a Health Savings Account (HSA) as an investment vehicle: What are the drawbacks?
For next year, my company has started offering an HDHP with an HSA.
With this, they will contribute $500 per year flat, and 50% matching up to $500 (where they will match $250; up to $750 total). I ...
7
votes
3answers
814 views
Treat HSA as an IRA?
As I understand it, any funds remaining in a Health Savings Account can be withdrawn for any purpose at age 59 1/2 (subject to ordinary income tax), making an HSA essentially behave like an IRA.
Is ...
2
votes
1answer
136 views
Self-managed IRA account brokerage as an HSA?
Most specific than this question, I'm desperately seeking a TD Ameritrade or E-Trade type online brokerage that offers self managed HSAs to accompany an HDHP. I cannot find one.
Is there another key ...
8
votes
3answers
167 views
Who could afford a higher annual deductible who couldn't afford a higher monthly payment?
I'm comparing some health insurance plans with Humana, and trying to understand the relationship between the price tiers. For a single HDHP plan, they have these price options:
$1,500 Deductible - ...
5
votes
2answers
89 views
What is the relationship between a HDHP and an HSA?
I'm confused about how a HDHP and a HSA relate. I understand that there are tax advantages and the money in an HSA is yours to keep.
Like any other health plan, an HSA-compatible plan, the ...
6
votes
3answers
2k views
How do I withdraw funds from my Health Savings Account?
I have recently opened a Health Savings Account (HSA) with Bank of America. Do I need to associate it with a health plan? How does that work?
Bank of America has set up a HSA for me to make ...
4
votes
3answers
193 views
Limit on monthly HSA withdrawals? [USA]
I got a nastygram from my bank because we made >6 withdrawals from our HSA last month.
According to them, the limit of 6 withdrawals is a federal regulation. I'm familiar with this for normal savings ...
7
votes
1answer
144 views
Where are good places to go for an HSA in the United States?
I have a high-deductible health plan that qualifies me to open an HSA (Health Savings Account). Where are good places to find an HSA in the US? What sorts of features should I look for? What extra ...
2
votes
3answers
109 views
How long do you need to have High Deductible insurance before contributing to an HSA?
I am just about to leave my high deductible plan for a plan that is not HSA-eligible. As I understand it, I could max out my HSA for the year right now, and then I could use the money in my HSA for ...
18
votes
4answers
611 views
Pros/Cons of a Health Savings Account (HSA) in the USA?
I am wanting to know the real benefits or pros/cons of a HSA in the USA. I have now been given the option of signing up for one due to healthcare changes. I understand some of the basics, but after ...
