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Message
re: Health Savings Accounts (HSA) for ALL
Posted on 8/4/20 at 7:08 am to BamaAlum02
Posted on 8/4/20 at 7:08 am to BamaAlum02
I switched my wife and I over to a HDP with the HSA. We max contributions for both and provides tax shelter for $7,000 worth of income.
The down side is the startup for most people.
HSAs accrue funds into them. That means your first 6-8 months will only accumulate and likely you will not be able to use it for any substantial bills.
It also strikes me like a pain in the arse for a withdrawal. It’s not FSA swipe a card, go home happy.
The down side is the startup for most people.
HSAs accrue funds into them. That means your first 6-8 months will only accumulate and likely you will not be able to use it for any substantial bills.
It also strikes me like a pain in the arse for a withdrawal. It’s not FSA swipe a card, go home happy.
This post was edited on 8/4/20 at 7:09 am
1
Posted on 8/4/20 at 7:17 am to DiamondDog
quote:which bank? We have card we use all the time. And we can transfer into/out of the account as we please.
It also strikes me like a pain in the arse for a withdrawal. It’s not FSA swipe a card, go home happy.
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