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Thread: How much money do you have in your Health Savings Account?

  1. #31
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by Chief View Post
    Well, no... it's a bottom line that doesn't take into account individual situations, but is still true. All of us own and are responsible for our own fates. Some folks have it harder than others, but the world is not fair. Still, it is to everyone's benefit to empower themselves, to control their own destiny. Otherwise, next thing you know... their blaming stuff on Russians and whatnot.
    If you work for someone else you are one layoff, accident, or disease away from being out of control. You are not safe unless you have millions in the bank to pay cash or are able to file bankruptcy in the event that today's reliance on someone else changes tomorrow.
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  2. #32
    Wrinkly Member Dangermouse's Avatar
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    Quote Originally Posted by Devil505 View Post
    Much easier than when we were at the mercy of the insurance industry with huge premium increases every year and no coverage for preexisting conditions.
    Trumpcare will take everyone back down memory lane with a vengeance! With extra lifetime maximums.
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  3. #33
    told you so Amelia's Avatar
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    HSA's are definitely for people comfortable with saving money, with good financial advisors.

    Would be a nightmare for most people.

  4. #34
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by Southern Dad View Post
    The savings starts with a single dollar. Just put a dollar a day away, that's $365 in a year. Put 5% of your pay away. No one will do it for you.
    One bout of cancer can cost you $5000 or more a month just for drugs. You can't even imagine how much of your savings will be eaten up for one actual surgery and treatment of that one disease. If you think you are covered, think again.
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  5. #35
    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by Devil505 View Post
    Are you kidding me!?!?

    Middle class Americans can't afford to save for retirement, college for their kids, etc.

    Now the GOP thinks average people have money to save for healthcare?
    Actually you aren't smart if you don't put money in a healthcare savings account. My wife has one she pays for her medicine with that insurance doesn't pay in full. You deposit money in the HSA then use that money to pay the bill. The money you spend in that account is a right off on your taxes at the end of the year. You save money using the HSA.

  6. #36
    Veteran Member Chief's Avatar
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    Quote Originally Posted by Minotaur View Post
    If you work for someone else you are one layoff, accident, or disease away from being out of control. You are not safe unless you have millions in the bank to pay cash or are able to file bankruptcy in the event that today's reliance on someone else changes tomorrow.
    Neah. I have been working for 30 years and have seen pretty much everything. I've been laid off, I have had medical expenses, I have been with and without insurance. None of us can control everything, regardless of our employment. But throughout my life I have been safe because the one I rely on is myself.
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  7. #37
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Minotaur View Post
    Na´ve. It is astounding to me that some few who have their insurance taken care of temporarily become so lethargic about real life. You are one disease, accident or layoff away from being out of control. You are those you disrespect but don't know it because you have a temporary nanny job.
    Interesting opinion, you seem to feel that there is no reason to bother to save because one incident could wipe it all out. Just throw your hands up in the air because there is nothing that you can do. Forget saving, buy those rims, get that new computer, time for a new pick up truck? No need to save...

  8. #38
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by Chief View Post
    Neah. I have been working for 30 years and have seen pretty much everything. I've been laid off, I have had medical expenses, I have been with and without insurance. None of us can control everything, regardless of our employment. But throughout my life I have been safe because the one I rely on is myself.
    People make plans and God laughs.
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  9. #39
    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Minotaur View Post
    One bout of cancer can cost you $5000 or more a month just for drugs. You can't even imagine how much of your savings will be eaten up for one actual surgery and treatment of that one disease. If you think you are covered, think again.
    I get it. in your opinion, fuck saving money. To the hell with responsible decisions. Nothing you can do about it.

  10. #40
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by Chief View Post
    Neah. I have been working for 30 years and have seen pretty much everything. I've been laid off, I have had medical expenses, I have been with and without insurance. None of us can control everything, regardless of our employment. But throughout my life I have been safe because the one I rely on is myself.
    Same here but that is called luck. There are some things out of anyone's control that welcomes all to the real world. In the real world disease, accidents and life's surprises can toss you into bankruptcy overnight. There is simply no way to predict what tomorrow will bring you. Many are already living with that reality. It is imperative to understand how quickly everything can change to be as prepared as you can be if it gets out of your control.

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