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

  1. #51
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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.
    That is what is so good about HSAs, you can save tax free so you are prepared those situations.

    I always put in the max, but pay for my health care out of pocket because I can afford it now.
    Thanks from Minotaur

  2. #52
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    Quote Originally Posted by Libertine View Post
    I wish it was still that high.

    Limit on Contributions

    The amount you or any other person can contribute to your HSA depends on the type of HDHP coverage you have, your age, the date you become an eligible individual, and the date you cease to be an eligible individual. For 2016, if you have self-only HDHP coverage, you can contribute up to $3,350. If you have family HDHP coverage, you can contribute up to $6,750.
    Thought you just posted you had 15K in yours.

  3. #53
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by Southern Dad View Post
    This is why we purchase insurance and have savings. These are examples of good choices that are made. And as I have stated there is no excuse for not having savings.
    The older people get, the wiser they get. Think back to being in your 20's or 30's and trying to build your career and survive to get a reality check. That is why generalities don't work. That said, if you are still depending on a nanny company, you are vulnerable even if you don't know it.

  4. #54
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    Quote Originally Posted by Minotaur View Post
    Ummmm...that is what I'm saying. These people gambling with HSA without being wealthy just because it is cheaper are in for a big surprise.
    I don't understand your 'gambling with HSAs' argument. expound.

  5. #55
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by aboutenough View Post
    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.
    Actually that means some have HSA's for daily medical use to make up for high deductibles. May be better to think in terms of the million dollar diseases that come with $5,000 a month drug prescriptions then celebrate it for minor health issue copay.

    We considered going that way but too much gambling for my blood.

  6. #56
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    Quote Originally Posted by Minotaur View Post
    The older people get, the wiser they get. Think back to being in your 20's or 30's and trying to build your career and survive to get a reality check. That is why generalities don't work. That said, if you are still depending on a nanny company, you are vulnerable even if you don't know it.
    what is a "nanny company"? and is that a criticism of paternalistic institutions?

  7. #57
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by webrockk View Post
    what is a "nanny company"? and is that a criticism of paternalistic institutions?
    Any job that you depend on for insurance and who can take it away simply as a cost saving move or via laying you off. Not all people have jobs that offer great coverage and purchase their own individual insurance.

  8. #58
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    Quote Originally Posted by Minotaur View Post
    Any job that you depend on for insurance and who can take it away simply as a cost saving move or via laying you off. Not all people have jobs that offer great coverage and purchase their own individual insurance.
    Ms. Minotaur,

    LOL, does that mean you consider your paycheck to actually be an allowance?

  9. #59
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    Quote Originally Posted by boontito View Post
    I find it funny when people ridicule the middle class and put 100% of the responsibility for their financial situation on the individual while holding the position that business failures are the fault of over regulation by the government.
    We should really lower taxes and regulation on businesses. That way, they'll all make more money so they'll have more money to take care of the rest of us. Thank goodness for those job creators. I wish I could find one right now so I could kiss his ass.

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    Quote Originally Posted by HayJenn View Post
    Thought you just posted you had 15K in yours.
    I do, you don't have to use your balance every year with a HSA like you do with a FSA.

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