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re: HSA account - where to open?

Posted on 8/26/11 at 9:02 am to
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 8/26/11 at 9:02 am to
I've never heard of that...usually your health plan provider has a dedicated bank setup ....let me know if you find out otherwise...that would be good to know
Posted by bovine1
Walnut Ridge,AR via Tallulah,LA
Member since Dec 2004
1273 posts
Posted on 8/26/11 at 12:43 pm to
HSA Bank. You have a savings account with them to clear your transactions. The rest you can set up with a TDAmeritrade account linked to them. They also give you a debit card to use for your transactions. I've been with them for years and no probs..
Posted by tigeryat
God's Country
Member since Oct 2005
2911 posts
Posted on 8/26/11 at 8:19 pm to
ditto HSA Bank

You can also link your personal bank accounts to transfer money to and from.
Posted by Layabout
Baton Rouge
Member since Jul 2011
11082 posts
Posted on 11/8/11 at 4:22 am to
A little bit off topic, but does anyone know of a way to open an HSA after the fact? I had a lot of unexpected medical expenses this year that I've already paid with after-tax money. Is it too late to set this up?
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 11/8/11 at 10:05 am to
quote:

Is it too late to set this up?


I'm not 100% certain but my guess is that it is too late, because you can't withdraw penalty-free unless it is for a "qualified" expense. Paying yourself back after the fact so far as I know is not on the list of qualified expenses, that would just be a withdrawal to yourself which will raise all kinds of red flags.
Posted by Zilla
Member since Jul 2005
10599 posts
Posted on 11/8/11 at 11:17 am to
not true, you most def can pay yourself back .... I do it every year... nice xmas bonus...just save your receipts...it's between you and IRS after the fact. I'm just not sure about he lump sum contributions though....as long as you were on a HDHP I bet it's cool though...
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