Health Savings Accounts (HSA) for ALL

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i wish i can stop using this high deductible plan and keep my HSA.

I would like to know how this will affect the HSA loophole as a retirement account.

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.

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MY company offers one but the deductible is $6k with a $1k contribution but the premiums are as high as the PPO plan offered with only a $3k deductible.

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That scenario seems odd. I've never heard of an HSA plan with premiums as high as a traditional PPO - that's sort of the whole point with HSAs: Lower premium, higher deductible. There has to be some other information that we are missing. Or your benefits person is an idiot.

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premiums are as high as the PPO plan offered

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show the numbers. That's extremely odd

Ya, one of the rare times an HDHP/HSA may not be beneficial at all is if you don't pay any premium to begin with for either plan, but this sounds all wrong entirely.

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What would you guys consider a high deductible for a HDHP that offers a HSA. MY company offers one but the deductible is $6k with a $1k contribution but the premiums are as high as the PPO plan offered with only a $3k deductible. I get the rational behind a HSA, but in this instance it doesn't seem worthwhile.

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My premium is $45 vs $65 for the PPO. My deductible is $3k where the PPO is $2k. I also get decent employer contributions to my HSA.

Hope that helps.

My company contributes $3000 and we encourage everyone to max out their contribution and not use the money if at all possible. Our philosophy is that it’s cheaper to borrow the money than diminish your HSA. A number of our people have $200,000 in their HSA’s. Of course we have been on these plans since inception. Must have been in the ‘90’s.

The problem will be that these plans assist the higher wage earner over the lower paid folks.

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.

I have a Health Equity account. I like it.

Louisiana's insurance rates are so messed up that for me to go with a HDHP this year it was going to cost me more than a traditional plan.

Defeated the whole purpose of a HDHP. Only thing I could come up with was Blue Cross basically forcing the individual market into their regular plans with their rates/pricing.