HSA with high ded health plans ... any definitive answers?
Return to Board  •  Menu  •  BottomPage 1
Message
HSA with high ded health plans ... any definitive answers?
Posted by tiger91 on 12/28 at 3:51 pm
Made a deposit today for the year into the HSA that we have.

I'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
Posted by Hand on 12/28 at 3:59 pm to tiger91
Yep. The penalty increased to 20% if you use the money for non-qualified expenses. That's about it.


Reply  •  Back to Top
Posted by tiger91 on 12/28 at 4:01 pm to Hand
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
Posted by Hand on 12/28 at 5:04 pm to tiger91
Yes. For now, that's what we were told.





Reply  •  Back to Top
Posted by sstig on 12/28 at 7:26 pm to Hand
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
Posted by rmc on 12/28 at 8:40 pm to sstig
quote:

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?


April 15, 2013



Reply  •  Back to Top
Posted by Weaver on 12/29 at 1:01 am to tiger91
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
Posted by foshizzle on 12/29 at 1:27 am to tiger91
quote:

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?





Reply  •  Back to Top
Posted by bubbz on 12/30 at 10:48 am to tiger91
quote:

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?


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
Posted by tiger91 on 12/30 at 11:21 am to bubbz
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
Posted by ATL TGR on 12/30 at 2:43 pm to tiger91
Don't forget you can and should invest within your HSA account


Reply  •  Back to Top
Posted by bubbz on 12/30 at 3:57 pm to ATL TGR
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
Return to Board
Jump to Page   

           Page 1 of 1           

 

 Message Boards
 Tiger Rant
 Score Board
 Recruiting Board
 SEC Rant
 SEC Score Board
 Saints Talk
 Pelicans Talk
 More Sports Board
 Soccer Board
 O-T Lounge
 Tech Board
 Outdoor Board
 Movie/TV Board
 Music Board
 Political Talk
 Money Talk
 Fark Board
 Gaming Board
 Fantasy Sports
 Food and Drink Board
 Ticket Exchange
 Help Board
 

 News
 LSU
 More Sports
 Sports Lite
 

 Other Options
 >> Search
 

 SECRant.com Links
 SEC Rant
 SEC Score Board
 SEC Recruiting
 SEC Tickets
 Off-Topic Board
 

 Geaux.com Dining Guide
 New Orleans
 Baton Rouge
 

 Site Features (Full Version)
 Home Page
 LSU Football Schedule
 Pick'em Home Page
 
Back to top
Sign In 
View in: Desktop
Copyright ©2014 TigerDroppings.com.