Hit or Skip: HSA accounts.

[Coronita]

Thanks for some input folks. Question. For folks that think HSA is a good thing, can you disclose whether you are exclusively self employed or not? Nostra, I believe you are. What about the rest of you?

Just wondering if some of you are either are partially self-employed and also work at a company that offers health coverage or fully employed at a company AND elected to do an HSA plan….If you are at least partially employed by another employer with health coverage, was the non-HSA plan really that bad?

[meadandale]

[quote=flu]Thanks for some input folks. Question. For folks that think HSA is a good thing, can you disclose whether you are exclusively self employed or not? Nostra, I believe you are. What about the rest of you?
[/quote]

yes, self employed and incorporated…I pay about $170/month for healthcare for myself with an HSA compatible account and contribute the max to the HSA account every month.

One thing to be aware of…Klownifornia isn’t on board the HSA band wagon yet so your CA tax return doesn’t allow you to write off the contributions. You can only write them off your federal return.

[meadandale]

[quote=flu]Thanks for some input folks. Question. For folks that think HSA is a good thing, can you disclose whether you are exclusively self employed or not? Nostra, I believe you are. What about the rest of you?
[/quote]

yes, self employed and incorporated…I pay about $170/month for healthcare for myself with an HSA compatible account and contribute the max to the HSA account every month.

One thing to be aware of…Klownifornia isn’t on board the HSA band wagon yet so your CA tax return doesn’t allow you to write off the contributions. You can only write them off your federal return.

[meadandale]

[quote=flu]Thanks for some input folks. Question. For folks that think HSA is a good thing, can you disclose whether you are exclusively self employed or not? Nostra, I believe you are. What about the rest of you?
[/quote]

yes, self employed and incorporated…I pay about $170/month for healthcare for myself with an HSA compatible account and contribute the max to the HSA account every month.

One thing to be aware of…Klownifornia isn’t on board the HSA band wagon yet so your CA tax return doesn’t allow you to write off the contributions. You can only write them off your federal return.

[meadandale]

[quote=flu]Thanks for some input folks. Question. For folks that think HSA is a good thing, can you disclose whether you are exclusively self employed or not? Nostra, I believe you are. What about the rest of you?
[/quote]

yes, self employed and incorporated…I pay about $170/month for healthcare for myself with an HSA compatible account and contribute the max to the HSA account every month.

One thing to be aware of…Klownifornia isn’t on board the HSA band wagon yet so your CA tax return doesn’t allow you to write off the contributions. You can only write them off your federal return.

[meadandale]

[quote=flu]Thanks for some input folks. Question. For folks that think HSA is a good thing, can you disclose whether you are exclusively self employed or not? Nostra, I believe you are. What about the rest of you?
[/quote]

yes, self employed and incorporated…I pay about $170/month for healthcare for myself with an HSA compatible account and contribute the max to the HSA account every month.

One thing to be aware of…Klownifornia isn’t on board the HSA band wagon yet so your CA tax return doesn’t allow you to write off the contributions. You can only write them off your federal return.

[Dougie944]

I work for the Fed. Govt and wanted more $ taken out before taxes. The other choices were fine, but I didn’t use them and wanted to save more after maxing out the 401k and Roth.

[Dougie944]

I work for the Fed. Govt and wanted more $ taken out before taxes. The other choices were fine, but I didn’t use them and wanted to save more after maxing out the 401k and Roth.

[Dougie944]

I work for the Fed. Govt and wanted more $ taken out before taxes. The other choices were fine, but I didn’t use them and wanted to save more after maxing out the 401k and Roth.

[Dougie944]

I work for the Fed. Govt and wanted more $ taken out before taxes. The other choices were fine, but I didn’t use them and wanted to save more after maxing out the 401k and Roth.

[Dougie944]

I work for the Fed. Govt and wanted more $ taken out before taxes. The other choices were fine, but I didn’t use them and wanted to save more after maxing out the 401k and Roth.

[SandraL]

I’m 46, single, no kids, self-employed. I’ve had an HSA for a couple of years now and love it. Like someone said upthread: not good for people who like to go to the doctor every 10 minutes or who have kids. My plan is through Kaiser, with a $5k deductible and I deposit $200 each month automatically from my checking account into the HSA.

If I had a major accident, I would have my deductible 2/3 covered right now. I really love the freedom of not worrying whether a doctor I want to see is “in plan” or not. I see who I want and write a check right out of the HSA account.

Fees tend to be more negotiable when paying cash.

I also don’t have to decide what my plan is or isn’t going to cover. Chiropractic, massage, acupuncture…..I do what I want for my health. I control the costs and make the decisions.

My opinion, if you are the right kind of person and willing to keep yourself healthy — an HSA is a great plan.

If you aren’t sure, sit down and write out what you can afford to pay each month. Then write down the benefits you would like to have available to you. Somewhere between available benefits and at the price you can pay is where your best option is.

[SandraL]

I’m 46, single, no kids, self-employed. I’ve had an HSA for a couple of years now and love it. Like someone said upthread: not good for people who like to go to the doctor every 10 minutes or who have kids. My plan is through Kaiser, with a $5k deductible and I deposit $200 each month automatically from my checking account into the HSA.

If I had a major accident, I would have my deductible 2/3 covered right now. I really love the freedom of not worrying whether a doctor I want to see is “in plan” or not. I see who I want and write a check right out of the HSA account.

Fees tend to be more negotiable when paying cash.

I also don’t have to decide what my plan is or isn’t going to cover. Chiropractic, massage, acupuncture…..I do what I want for my health. I control the costs and make the decisions.

My opinion, if you are the right kind of person and willing to keep yourself healthy — an HSA is a great plan.

If you aren’t sure, sit down and write out what you can afford to pay each month. Then write down the benefits you would like to have available to you. Somewhere between available benefits and at the price you can pay is where your best option is.

[SandraL]

I’m 46, single, no kids, self-employed. I’ve had an HSA for a couple of years now and love it. Like someone said upthread: not good for people who like to go to the doctor every 10 minutes or who have kids. My plan is through Kaiser, with a $5k deductible and I deposit $200 each month automatically from my checking account into the HSA.

If I had a major accident, I would have my deductible 2/3 covered right now. I really love the freedom of not worrying whether a doctor I want to see is “in plan” or not. I see who I want and write a check right out of the HSA account.

Fees tend to be more negotiable when paying cash.

I also don’t have to decide what my plan is or isn’t going to cover. Chiropractic, massage, acupuncture…..I do what I want for my health. I control the costs and make the decisions.

My opinion, if you are the right kind of person and willing to keep yourself healthy — an HSA is a great plan.

If you aren’t sure, sit down and write out what you can afford to pay each month. Then write down the benefits you would like to have available to you. Somewhere between available benefits and at the price you can pay is where your best option is.

[SandraL]

I’m 46, single, no kids, self-employed. I’ve had an HSA for a couple of years now and love it. Like someone said upthread: not good for people who like to go to the doctor every 10 minutes or who have kids. My plan is through Kaiser, with a $5k deductible and I deposit $200 each month automatically from my checking account into the HSA.

If I had a major accident, I would have my deductible 2/3 covered right now. I really love the freedom of not worrying whether a doctor I want to see is “in plan” or not. I see who I want and write a check right out of the HSA account.

Fees tend to be more negotiable when paying cash.

I also don’t have to decide what my plan is or isn’t going to cover. Chiropractic, massage, acupuncture…..I do what I want for my health. I control the costs and make the decisions.

My opinion, if you are the right kind of person and willing to keep yourself healthy — an HSA is a great plan.

If you aren’t sure, sit down and write out what you can afford to pay each month. Then write down the benefits you would like to have available to you. Somewhere between available benefits and at the price you can pay is where your best option is.

[Author]

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