Our employer (a hospital) only offers an FSA. Which recently switched when the insurance company changed. I am having to fight tooth and nail and spend hours submitting forms, phone calls and resubmitting forms to get my money back. I don’t want to fight for my money back every year and ultimately lose a portion of it.
I am contemplating opening my own HSA for the $1500 I annually withdraw for medical expenses. I make a little more than $70,000 annually. Live in Oregon (high Sate tax d/t no sales tax)
I believe I can submit on my taxes each year for the refund of what would have been my pre-tax dollars.
Good idea? Bad idea?