My financial situation is unique. I have a son with a degenerative illness that requires on going treatment. This year my employer contributed $1500 to an HRA and I contributed $2000 to an FSA. I exhausted the entire $3500 in the first half of the year. Next year my employer is bumping the HRA to $2000 and I plan on contributing the maximum of $2500 to the FSA.
To keep the premiums low the group policy was changed to an even higher deductible, out of pocket maximum and copay. Even after exhausting the FSA and HRA I will be on the hook for $500-$7100 in medical expenses. This is for in-network providers.
I've looked into HSAs but to my knowledge my employer doesn't offer "limited" HRAs and FSAs so the only way I'd be eligible to contribute to an HSA would be to refuse the HRA/FSA.
I've looked into contributing to a traditional or Roth IRA to make up the difference. Due to contribution limits ($5500) an IRA wouldn't quite make up the difference. I have a Roth that's already more than 5 years old. A Roth IRA has the benefit of allowing me to take distributions up to the amount contributed for any reason without penalty or taxes because they are already after tax. Anything above that requires additional paperwork at tax time.
Are there any other options I haven't thought of that would allow me to save for medical expenses and limit my tax liability at the same time?