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re: Health Savings Account
Posted on 8/29/15 at 10:40 pm to Croacka
Posted on 8/29/15 at 10:40 pm to Croacka
I will be starting a job in state government. As I understand it, they would contribute $200 and match up to $575 each year.
Would I be able to still contribute to the HSA even if I later move to a different health insurance option?
Would I be able to still contribute to the HSA even if I later move to a different health insurance option?
1
Posted on 8/29/15 at 10:45 pm to LSUfan2008
No you would not, you can only contribute while enrolled with an HDHP.... But you should change your outlook all together. HSA accounts are fantastic. Go into it treating it like yet another ROTH IRA, as you can withdrawal penalty free (including the gains) once over 65 ... It is also a great buffer for if you ever do run into some crazy medical expenses, there if you need it...Once you get over 10k, roll it over to HSA.com and buy some stock with it!
This post was edited on 8/29/15 at 10:46 pm
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