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Health Savings Account for people that is Disabled?

Posted on 2/9/17 at 2:56 am
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/9/17 at 2:56 am
Is there such a thing out there? I googled and can't find any info.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 2/9/17 at 3:10 am to
I wasn't a are that there were different types of HSAs dependent upon a condition or disability

It's a savings account that gets preferential tax treatment if used on qualifying medical expenses.

You sure your talking HSA?
Posted by MikeBRLA
Baton Rouge
Member since Jun 2005
16448 posts
Posted on 2/9/17 at 5:09 am to
I believe you are looking for an FSA (Flexible Spending Account) and not an HSA (Health Savings Account).

The former is for dependent care, the latter is for medical expenses. Try googling FSA instead.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/9/17 at 5:21 am to
Can't have a FSA if one is on Medicare.

I could of saw something like a ABE HSA. Maybe some BS there. Hell, just trying to save a buck or two on taxes knowing I have a good bit of money going to health insurance, but not enough to get a write off on taxes.
Posted by Smalls
Southern California
Member since Jul 2009
10245 posts
Posted on 2/9/17 at 6:13 am to
You have to be enrolled in an HSA qualified high-deductible insurance plan. Unfortunately, you can't just open an HSA, just because.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/9/17 at 6:38 am to
Thanks. I saw that. Just sucks I pay a shite load of money for insurance and can't write it off.
Posted by baldona
Florida
Member since Feb 2016
20386 posts
Posted on 2/9/17 at 7:31 am to
How old is your kid? They are under medicaid and not under your own insurance? If they are a dependant you can still put them on your own insurance and pay for their costs with a FSA or HSA at that point, if you have multiple kids than often times family plans are the same cost with 1 kid or 3 or whatever.

Posted by LSUFanHouston
NOLA
Member since Jul 2009
37007 posts
Posted on 2/9/17 at 10:26 am to
Perhaps you are talking about the new 529-like account for disabilities.

It's called a 529 ABLE plan
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