In US if I’m self-employed can I have ACA insurance and an HSA? Is anyone versed in insurance through ACA enough to know why I can’t have a subsidy and also an HSA like in years past? The person helping me with my insurance says “its been changed” and now I either take the subsidy and get an insurance for 400ish per month but no HSA or I can pay the full amount (over 1,000.00) and still have an HSA. But even…

Just a 20% Tax Penalty & Income Tax? – The HSA Withdraw So, let’s say something wild or urgent comes up. Water heater breaks or furnace goes out in winter, pet gets sick, etc. You’re paycheck-to-paycheck, or money is at least tight, at the moment, because you just got everything caught back up… but that means your bank account is basically at $0 for the next 2 – 4 weeks. You have an HSA with $2k. …

My company is getting rid of HSA as an option… what to do with my funded HSA? Due to circumstances, my company will no longer be offering high deductible plans and therefore HSA’s starting mid next year. I started maxing my HSA out in 2024 and now have about $4.5k in it. My question is: after I can no longer contribute, what should I do with the HSA? Should I just let the money sit and grow, or is there some form of rollo…

How valuable is an HSA? It’s my first time choosing a healthcare plan with my new employer and I am in well over my head. Originally I planned to choose my employers option that allows for an HSA. As an added bonus, they will contribute $850 to the account annually for completing very simple health goals (e.g. go to the doc, do an online activity, complete a preventati…

How to invest my HSA So for a while I’ve known I can invest my HSA, but I’m not entirely sure how? I contribute pre-tax through my employer, but I don’t see an option to invest. I’m assuming I need to transfer it to my normal brokers like Fidelity or Schwab, but can someone please explain the process? If I transfer the balance to a new HSA account and invest it, do …

Employer Insurance: HSA vs EPO Hello, I’m M35 married to F30 and we have two children 5 and 4. We’re a single household income of 65k. I’m debating whether the HSA or EPO provided by my employer would be the better option for us? I’m attaching the “compared plans” from their site tool. None of us have any health conditions. My wife and I rarely do checkups. Our kids go to the…

Unsure if I should enroll in HSA Hello! My company is introducing a HDHP + HSA next year, and I’m curious if it’s a good plan. I’m in my early 30’s and don’t have regular health expenses (but who knows as I’m getting older). I have sporadic eczema that’s manageable and I’m concerned I may have diabetes so I plan to get that checked out at some point, but other than that, I do m…

Am I dumb to invest only in 401k and not HSA or IRA? Hi all, Please forgive the ignorant post as I have only somewhat recently begun looking into finances deeply. Long story short – my wife and I are debt free, in our early and mid 30s, both have been for years contributing 15% to our 401Ks (not including company match) which is just about hitting the 401k yearly contribution limit for each of us….

Confused by how I should utilize my HSA It’s enrollment season, and I continue to be a bit confused when thinking about my HSA. I understand that it is a tax advantaged account, and that a lot of people think it’s best to treat it like an additional retirement account, but I have some questions. For some context, my deductible is $1800, and I generally meet this in the first few month…

New employer does not offer HSA I currently have about $5K in an HSA account that I have saved over the last few years with an employer who offered a HDHP w/HSA match. Next week, I will begin employment with a new company that does not offer a HDHP and therefore as I understand, I no longer will be able to contribute pre-tax funds to my HSA. This raises two questions for me: …

Question about transfers between two different HSA I have 2 HSAs, one at finacial institution (HSA 1) where I invest the money, and another which is a random bank (HSA 2) my employer assigned. Can I just transfer money monthly directly from HSA 2 to HSA 1? There is a rollover process but I dont want to do it monthly or miss out on a year of investing if I only transfer yearly. So far from what I…

HSA threshold to invest is $2000. Should I take out of savings or keep adding each paycheck? I am 32 and my wife is 30 and I recently opened an HSA with my employer and it has a threshold to invest at $2k. It has $250 in it right now and will probably do $150 a paycheck here on out. I have about $25k in a HYSA for emergency fund so would it be wise to go ahead and move the $1750 and be able to invest that HSA or just keep adding to it? …

Can I Transfer Investments from an Old HSA to My New Employer’s HSA? Hey all, I was with a previous employer that offered an HSA, and I started investing a portion of it. Now I’m with a new employer who also offers an HSA, and I’m wondering if it’s possible to transfer the investments from my old HSA to my new one. I’m interested in consolidating everything into one account to simplify things, but I’m unsure abou…

Start an HSA or not ? (Late 50’s) I’m in my late 50s and I have two small kids playing sports. I really want to switch to the high deductible plan at work to qualify for an HSA but I’m not sure if it’s the right move at this point in my life because realistically I can only participate for 5 years or so before I retire so I wouldn’t be able to set aside that much money. When yo…

Question about money in my HSA I worked for a hospital 6 years ago and had HSA, I paid some into it myself. I moved from the US to the UK a year and a half ago so obviously I won’t be using it, because of the NHS. I got an email about my HSA statement, I have almost $1,300 in it. Is there any way I can get that money out, even just part of it? If not then it will just sit the…

HSA & HDHP Contributions I’m going over my benefits through my work. I get paid twice a month. I’m currently putting ~ $60 a paycheck towards my high deductible health plan (HDHP) and ~ $160 a paycheck towards my health savings account (HSA). My employer also contributes $500 a year towards my HSA. Before, I wasn’t putting anything towards my HSA because I was in …

HSA – Stay on a PPO plan or switch to a HDHP to open an HSA? I’m very aware of the benefits of an HSA on a pre-tax basis. What gives me pause, however, is having to swap to a healthcare plan where my medical visits cost 20% coinsurance after the deductible. I’m young (32) and healthy, but things happen and I enjoy the flexibility of a PPO healthcare plan where I pay copays of around $20-$35 per visit to a…

Is it wise to invest in my HSA atm? I am at a new job and moving into a new apartment. I’m currently making $26 and just started. My parents are helping with my first year of rent. I want to save money this whole year but investing the max I can ($3649.96) which is $202.77 every bi weekly check seems like alot . My company adds $500.04 annually making my contribution $4,150. Am I…

Question about HSA funds So, I moved and wasn’t going to be close to the bank where my HSA was located, so I closed the account and withdrew the funds. The job I was moving for had a high deductible plan, so I planned to rollover my HSA funds to that account. Well, by the time I moved, that job offer fell through and I got another offer through an employer with a low de…

What can I do with my HSA? I have an HSA from my old employer. I don’t ever use the money, and earlier this year I contributed (after tax dollars) to the account to raise it up to the minimum balance required to waive the monthly fees. How can I get rid of it? I don’t want to spend any of the money on qualified medical expenses because then I’ll have to start paying fees…