HSA rollover purgatory – advice needed So as a good person, I have HSA with about 30k on it from previous employment. My current employer offers the same, with the same custodian wex. I got new wex hsa acount and put about 10k in there over last 2 years. Apparently the accounts cannot be merged. Fine. I ended up paying fee for having my old account. Now the current employer switched …

Roth vs. traditional IRA & HSA I am 63. Everything is paid off. I am still working. I have traditional IRA ( with IRA CDs), Roth IRA , HSA, and savings including CDs. I was hard headed due to higher interest rates, focused on CDs and maxing out IRA & HSA, with my least focus on Roth. Is the case for Roth that since withdraws not taxed, my focus should be on Roth first? Should…

Prior year HSA contributions If you have a HDHP in 2024 but not one in 2025 can you make a contribution to your HSA characterized as a 2024 contribution between 1/1/25 and your tax filing deadline? Assuming you are still under the contribution limit for 2024. submitted by /u/Aggressive-Leading45

HDHP Plan with Kaiser – HSA Question I recently switched to an HDHP plan so that I can open a HSA. I am paying for it myself, not through my employer. I read somewhere that if it’s not through the employer, the health-insurance company may contribute a portion of my premium to my HSA. Is this true? Also, any recommendations for where to open an HSA? I anyways would like to do it be…

HSA investing with Inspira-need resources to learn I have about $7,000 in my HSA that I need to invest. I am contributing the max this year as well. I am not going to use the funds to pay for direct expenses, rather, ask for reimbursement at a later date (maybe at the end of the year for the previous year’s expenses). The account is through my employer (Inspira). I also have a dependent child f…

NJ HSA, still contribute or no? I’m a recent college graduate planning to enroll in my employer’s health insurance plan. Company contributes $500 regardless, should i contribute to HSA even though in NJ, the triple tax advantages aren’t there? Lets say i have already contributed enough to match 401k and reached yearly contribution limit for ROTH IRA. submitted by /u/A…

Should I Transfer My HSA from HealthEquity to Fidelity? I’m debating whether to transfer my HSA from HealthEquity to Fidelity and would appreciate some advice. Here’s my situation: My employer does not contribute to my HSA, so I don’t get any extra benefits from keeping it with HealthEquity. The contributions are post-tax, so there’s no pre-tax payroll benefit. HealthEquity charges monthly fees whil…

HSA use for a spouse I am currently the only one working and I have Insurance for both of us and HSA account. After I retire at 63/64 I will use HSA to pay for COBRA premiums until I am 65 and qualify for a Medicare. What about my wife, who will need to get her own insurance until she is 65 – can she use HSA for premiums even thouh HSA was through my work? submi…

Rebilling lasik to be after HSA establishment date? Hi all, I’m getting LASIK next week and am trying to make sure I have all my ducks in a row first. When I started my job, I fucked up and forgot to sign up for insurance. Instead I had to sign up through marketplace for a high-deductible plan (HDHP), and it won’t come into effect until February 1st. Meaning I can’t establish my HSA until then, a…

Post tax HSA contributions I’m new to HSAs. I just started one in October and have $200 a month being put in pre-tax. When it reaches $1000 I can start earning with it. Well, I came into a bit of money over Christmas and I’m wondering if it would be advantageous to put some of the money into my HSA. The detail I’m really wondering about is will this reduce my income tax l…

Retroactive HSA Withdrawl Assume I was in an HDHP in 2023 and contributed 5,000 to my HSA. In 2024 I was not eligible to contribute, and incurred medical expenses of 3,000. In 2025, can I withdraw 3,000 from my HSA for the 2024 expense? Assume my AGI is high enough that 3,000 isn’t above 7.5% of AGI. My understanding is I can do this. If I cannot, why? Reason to do this …

Paying for lasik with credit card while I fund my HSA, then “refunding” and paying with HSA? 24 y/o, NYC Hi all, I’m looking at getting lasik in the next few weeks and wanted to check if there were any downsides to an idea I had. I live in NYC and would love to get the huge tax savings of paying for lasik pre-tax out of an HSA rather than post-tax. However, I don’t yet have the money in my HSA to do so. My lasik clinician suggested that I pay for i…

Feel like I’m missing something (HSA) Probably a really dumb question, but I have never dealt with this personally. Finally got health insurance, and got an HDHP, and looking for where to open up the HSA account. Local Credit Union I bank with offers .5% Dividend rate, and Fidelity offers 4.3%. This seems high, like too good to be true levels of high, and I’m confused on why its so …

HSA with Letter of Medical Necessity My doctor is writing me a LMN related to a medical condition for treatment not otherwise covered under an HSA. With my HSA plan, I am able to transfer $$ online to my bank account without providing any documentation and I have done this several times. In my eyes, I simply just need to hold onto this letter in case I ever get audited by the IRS a…

Rectifying HSA contributions when spouse had FSA Well I read a post on here the other day that if your spouse has a general health FSA(not limited or dependent FSA), that apparently you cannot contribute to an HSA. No matter if you have separate employers, insurance plans, or filing status single vs married. My limited new understanding is because with a general health FSA, it “can” be used fo…

HSA while spouse has traditional HCP Previous post got me thinking about my situation. I am married with two kids. I have a HDHP for my kids and me, and therefore contribute max to my family HSA plan. My wife has a traditional healthcare plan so she does not have a HSA. I was under the impression that this was fine as long as I do not use HSA funds to cover any of her medical expen…

Spouse’s FSA will invalidate your own HSA, resulting in an unfixable situation I got married last year in December, and my spouse and I did open enrollment for each of our workplaces, with her electing for a regular health insurance plan, and I elected for my usual high-deductible plan with an HSA. She put in $50 in her FSA because she planned to buy a couple of hand sanitizers, so why not. Turns out, her signing up for th…

HSA payments being skipped by employer My company has been slow to put my HSA money into my HSA account. How long do they have from the date they took the money out of my payroll to pay me? State of Rhode Island for ref. submitted by /u/PrettyHovercraft2021

Am I right in understanding that if I have an HSA but can afford most of my medical expenses out of pocket, to do that and invest my HSA money? (US) I think I’m reading right where if I can afford those costs just on my own, I can then invest my HSA money and reimburse myself for everything down the road right? I can track expenses, dates, and receipts no problem for the long haul. Just making sure I am understanding correctly submitted by /u/andrewsmd87

HSA vs PPO for 2025 – Marriage & Pregnancy Hello! Looking for some advice on what health insurance plan to choose from with open enrollment for next year. 29 year old female getting married in June of 2025. We are planning to start trying to get pregnant Aug/Sept which means I could potentially be pregnant in 2025 with a due date in 2026. With two qualifying life events upcoming, I am …