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 …

Why are HSA so good? My wife and I (44/34) have been maxing out 401k and saving another 20% for the last 4 years. I’ve never really looked at health savings accounts, but know everyone recommends maxing them too. We have absolutely no health issues now, is the idea that they can be used eventually down the road for health expenditures and that it’s all pretax money?…

Is this dumb? HSA Investment My work offers an HSA plan that I have fully contributed to for the past 3-4 years. Only this past year did I finally decided to invest the funds in my HSA account. All of the funds are invested in “Growth ETF Vanguard” and the value has grown beyond just my yearly contributions. The potentially dumb part is that I’m 100% invested in that singl…

HSA newbie how much to contribute Hi everyone, I’ve only recently started taking investing seriously. I’ve had a HSA with Fidelity since May 2024 & bought some FZROX with some of the $ in it. HSA individual contributions are 4300 this year and I’ve done close to 950 only. I also didn’t know the funds in it should be invested like any other investment account and not just sitting…

What to do with my HSA now that I no longer contribute? I had a high deductible insurance plan with an HSA, but switched to a different plan in the marketplace a few months ago so I can’t contribute anymore. I was using my HSA balance to make medical payments, and have a little less than $800 remaining. Just noticed they’ve started taking out a $3.95 monthly admin fee, presumably because my balance i…

Accidental HSA Distribution Hi there! I am hoping for some advice on my HSA account – I accidentally used my HSA debit card to purchase groceries. I notified Key Bank, who manages my HSA, and they have a $10 fee simply to fix the mistaken distribution, which doesn’t include the amount that was accidentally distributed. If I pay for health expenses out of pocket that equal …

HSA Contribution Limit Question Hello all, I am planning on maxing out my 2024 HSA contribution max of $4,150 (I have $1,000 towards it thus far, which includes an employer contribution). I know that I have up until April 15th 2025 to contribute for 2024. My employer makes another $500 contribution on January 15th 2025. My question is if this $500 contribution will count for 2…

Switch from HSA to PPO? Need help deciding if I am better off switching from HSA to PPO or should I continue contributing. My HSA over the last years has grown to almost 500k and I have never met my deductible in last few years in my hdhp plan. What this means is my expenses are always high out of pocket on hdhp. What will folks recommend a good amount in HSA is to swi…

Is HSA worth it with little children? I keep reading about the value of having an HSA as a further tax deduction/investment strategy. But it comes with a higher deductible plan. I’ve got little ones who are often going to the doctor for colds etc. I suspect the higher deductible makes it not worth my while but wanted to hear from other parents. I’m having a hard time doing the cost …

HSA vs PPO+FSA for pregnancy Hi everyone! I have to select my benefits and we are planning on starting a family in 2025. We may have a baby in 2025, early 2026 .. but who knows! FYI – pregnancy is not listed as a qualifying event for health insurance modifications so here are my options: HSA (In Network) Premium: $40/month Deductible: $3300 (individual) Out of pocket max:…

HDHP + HSA vs $0 deductible and no HSA My Company started providing healthcare benefits through an ICHRA which basically means we are forced to purchase plans on the ACA market place. The good news is that they cover 100% of the premium for all the plans available to our family on the ACA market place, the bad news is the all of the plans are far worse the the group plan that we were…

Reimbursing medical payments before HSA was set up? I have a high deductible + HSA insurance plan with $45/month employer contributions. It was effective 08/01/23, but I didn’t register/set up the account until 06/24/24. I still was able to get the previous contributions deposited (all at once). I had some doctor’s visits and paid for them using my parent’s HSA on 05/01/24, 06/12/24, and 07/13/24…