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Message
re: Health Savings Accounts (HSA) for ALL
Posted on 8/3/20 at 4:56 pm to FinleyStreet
Posted on 8/3/20 at 4:56 pm to FinleyStreet
quote:
This is one of those rare pieces of legislation that I can't fathom why anyone would be against regardless of how you vote, but I'm sure someone has a vendetta against it.
The talking point is it will benefit highly compensated employees more than others, especially with no cap and therefore unlimited tax deferral, though that's what discrimination testing is for.
This post was edited on 8/3/20 at 4:58 pm
Posted on 8/4/20 at 1:07 pm to Teddy Ruxpin
quote:
The talking point is it will benefit highly compensated employees more than others, especially with no cap and therefore unlimited tax deferral, though that's what discrimination testing is for.
So what? I'm one of those highly compensated employees according to government standards. However, my company's high deductible health insurance package is shitty. My max out of pocket deductible for family coverage is $13,500. I have to save two straight years without even touching it to have enough in my account to meet my deductible with the current contribution limits. I can't do anything about my coverage until I find new employment elsewhere. I just wish there was a way I could place more in my HSA than what's currently allowed. If there's going to be a limit and the market is staying with these HDHC plans, then at the very minimum raise the limit to $15,000/yr or so for those who wish to contribute more.
This post was edited on 8/4/20 at 1:10 pm
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