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re: Talk me out of choosing a high deductible plan + HSA
Posted on 10/11/17 at 6:59 pm to AmeriKop45
Posted on 10/11/17 at 6:59 pm to AmeriKop45
quote:
Whenever I have medical expenses - I pay out of pocket. Although I can reimburse myself through my HSA to cover these, I pay after-tax dollars to cover that. I scan in the bill and throw it on google drive.
From here on out - I can withdraw any amount of money up until the total accumulated cost of all my medical expenses since the inception of the plan, at any time, tax free. I have all my bills to support all the withdrawals. If I am ever in dire need of cash and my nest egg can't cover it, this is where I would go to instead of having to touch my Roth and pay penalties on that.
As much as i read personal finance blogs and bogleheads, ive never heard of this strategy. Thanks for the post.
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