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| HSA with high ded health plans ... any definitive answers? Posted by tiger91 Made a deposit today for the year into the HSA that we have.  on 12/28 at 3:51 pmI've read that there will be "changes" but my agent said they've been told nothing definitive. Anyone here in the know? Thanks. Reply • Back to Top |
| Yep. The penalty increased to 20% if you use the money for non-qualified expenses. That's about it. Reply • Back to Top |
| So it's still a tax advantage for deposits and I can still let it accumulate and use it as a "retirement type savings" if we don't need it for medical right now? Thanks. It's worked for us to use it for those BIG things ... braces, glasses/contacts when 3 of us needed them all at the same time, and hubs is having surgery in January. YIKES. Reply • Back to Top |
| Yes. For now, that's what we were told. Reply • Back to Top |
| Do you have to make the deposit for 2012 before the end of the year or can you make it prior to filing 2012 tax return? Reply • Back to Top |
quote: April 15, 2013 Reply • Back to Top |
| I did this but not putting anything in. My employer put in $300 that I can use for my dental, vision or prescriptions. I only go once a year for a checkup and that is wellness visit and covered 100%. I was paying $300 per month now paying $65 per month but have a deductible now. Reply • Back to Top |
quote:  Reply • Back to Top |
quote: This is how I treat my HSA, I contribute about 30% more a month than I'm supposed to. The account has steadily built over the past 3 years. Reply • Back to Top |
| Yeah, we put in one big maxed out dep each year and it's grown nicely (not from the interest but from our not using it). Surgery in January for hubby will be basically pulling out what I just put in to meet that high ded but I'm glad to know it's there. Reply • Back to Top |
| Don't forget you can and should invest within your HSA account Reply • Back to Top |
| I don't have this option with my HSA unfortunately - it only sits in a savings earning little to no interest. Reply • Back to Top • Refresh |
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