Comments on: Reasons For Having A HSA

By: Best Time To Start An HSA | Money Reasons

Best Time To Start An HSA | Money Reasons — Tue, 23 Nov 2010 05:07:15 +0000

[...] in a HSA (Health Savings Account) is at best, described as a very delicate [...]

By: MoneyReasons

MoneyReasons — Mon, 22 Mar 2010 00:32:40 +0000

@Jane
I think that doing so would be great! It’s definitely a program that would greatly benefit younger workers!

Although, I’m not sure what changes will happen to HSAs if the new health care plans gets passed (which at this point looks likely)…

By: SeeJaneGetRich

SeeJaneGetRich — Sun, 21 Mar 2010 22:41:05 +0000

I really want to open an HSA and I would have taken it the first year. I think its a great way to save money for health expenditures and I would that it functions like a Roth later on down the road.

I tried to see if my university health insurance could be considered a high deductible insurance so I could open an HSA but they wouldn’t consider it to he high deductible so I couldn’t open an HSA. When I become eligible for one I am opening an HSA pronto.
.-= SeeJaneGetRich´s last blog ..Liar, Liar, Pants on Fire =-.

By: MoneyReasons

MoneyReasons — Fri, 19 Mar 2010 03:56:47 +0000

@Daddy Paul
Sounds like a pretty good use of the HSA to me!
Having a spouse with a great insurance plan would be great!

By: Daddy Paul

Daddy Paul — Fri, 19 Mar 2010 03:01:48 +0000

I had an HSA. I maxed it out for a year and a half then left the company. I am lucky my wife has great insurance. I had planned to build it up for a retirement plan but today and a few crowns and other things later the money is all spent. That’s ok because the government ended up paying 40 percent of the dental bills.
.-= Daddy Paul´s last blog ..The American Opportunity Tax Credit =-.

By: MoneyReasons

MoneyReasons — Thu, 18 Mar 2010 20:51:21 +0000

@Stay at Home MOM CFO
I can see your point there! I was afraid of one of my kids getting a broken arm or something the first year. I really didn’t want to pay the cap on the amount that they covered.

By: Stay at Home Mom CFO

Stay at Home Mom CFO — Thu, 18 Mar 2010 13:31:01 +0000

I think the irony is a lot of people can’t keep up with rising traditional coverage rates so they opt for the HSA. If a health issue arises those are the same people who probably are not as disciplined to save up money in the HSA account.
I think I would pick the HSA if I had the option, mainly because I’ve already had 3 healthy kids (no allergies, specialists…) and I plan on no more.

By: MoneyReasons

MoneyReasons — Wed, 17 Mar 2010 16:31:10 +0000

My company has a great plan, some of the expenses (kid’s checkup and annual exams) are provided by the company, so we don’t have to use our HSA money!

It’s the first year that’s the roughest!

If you go that route, good luck and be careful!!!

By: RMoM

RMoM — Wed, 17 Mar 2010 16:13:04 +0000

That’s a highly thought provoking article. I never really thought much about our employer’s health benefits before – they were just ‘there’. Touch wood, none of us have any serious medical ailments and, especially with the tax deduction, I am thinking that a HSA might be the way to go for us in the future. Compared to what our medical benefits USED to be like (as in, we never ever saw a bill), these days we receive bills every time we visit the doc’s office. At least this way, it would seem that we would have complete control over the use of our income as it pertains to health care expenses as opposed to the non-transparent way we seem to be doing things now.
.-= RMoM´s last blog ..Vehicle Replacement =-.

By: MoneyReasons

MoneyReasons — Wed, 17 Mar 2010 03:57:30 +0000

Ah, that’s the best health insurance

I cost me about $200, each month. I like the HSA because I don’t feel like I’m losing as much.