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

  1. #61
    Veteran Member Southern Dad's Avatar
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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.
    My first job was a Teamster's Union job at Coca-Cola. The union encouraged savings, big time. I put 15% of my money into an account. When I went into the service, I opted for 25%. Just pretend that money is already gone and never touch it. I like to purchase things on the one payment plan. There is a minimum amount that we do not go below in savings, no matter how badly we want to buy something.

  2. #62
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by Libertine View Post
    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.
    You pay your own out of pocket without using it? If so that is the only way I would ever get one of those accounts, not use it and put in maximum amounts. You see some of the cost breakdowns just on cancer alone and it can scare anyone straight. We almost went with it but decided that it is far too risky for us even paying maximum. I am pragmatically programmed. lol

    Far better to max out a 401K AND Roth IRA and go for the lower copay insurance.

  3. #63
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Libertine View Post
    I do, you don't have to use your balance every year with a HSA like you do with a FSA.
    You can only roll over a certain amount.

  4. #64
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    Quote Originally Posted by Minotaur View Post
    You pay your own out of pocket without using it? If so that is the only way I would ever get one of those accounts, not use it and put in maximum amounts. You see some of the cost breakdowns just on cancer alone and it can scare anyone straight. We almost went with it but decided that it is far too risky for us even paying maximum. I am pragmatically programmed. lol

    Far better to max out a 401K AND Roth IRA and go for the lower copay insurance.
    It depends on how much health care you use.

  5. #65
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    Quote Originally Posted by HayJenn View Post
    You can only roll over a certain amount.
    Not true, it just sits there accumulating, and you can invest it to get a return.

  6. #66
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    The left's aversion to any private sector risk management/abatement solutions is just another argument to justify their receiving more other-people-funded free shit from Mommy Government. They literally want access to millions of dollars worth of womb-to-tomb health care for, at most, a 2 or 3 percent bump to their payroll taxes....half of which to be covered by their employer, of course.

    don't be fooled.
    Last edited by webrockk; 14th July 2017 at 11:01 AM.

  7. #67
    Veteran Member Devil505'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.
    Why don't you have one?
    Do you also save for retirement?
    Save for the education of your kids/grandkids?

  8. #68
    Chaos in fourteen lines Minotaur's Avatar
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    Quote Originally Posted by Libertine View Post
    It depends on how much health care you use.
    Yes and that is the bottom line reason we passed up the HSA option. You can be perfectly healthy and feel safe getting one but if your health takes a bad turn it can be a mess. Anything that utilizes immunotherapy is catastrophic amounts. My SIL is in round two of cancer. I can't even imagine how much her Immunotherapy battle would have cost her without being fully covered. It is scary out there in the medical world. Ugh. Just tuck this away and research it and determine the good and bad of this in the event of a serious disease. Immunotherapy costs on average over $1 million per patient for one round.

  9. #69
    Veteran Member Devil505's Avatar
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    Quote Originally Posted by Southern Dad View Post
    I get it. in your opinion, fuck saving money. To the hell with responsible decisions. Nothing you can do about it.
    Look genius: No matter how you try to turn this topic into a "Savings" issue, the topic is specifically about HEALTH SAVINGS accounts.

    Funny how you Trumpsters claim to be so fucking responsible and yet the rest of us know you guys are FOS.
    Thanks from Minotaur

  10. #70
    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by Southern Dad View Post
    I get it. in your opinion, fuck saving money. To the hell with responsible decisions. Nothing you can do about it.
    Stupid agressive deflection.. as always.

    Get your head into the game, if a minimum wage person scratches together whatever is possible to save 5 % of the paycheck, this will not do shit for them when they get diagnosed with cancer.. and you KNOW it.

    It's a stupid idea that in the given health care system in the US, the average person can prepare themselves for serious injuries or sickness with a health savings account.

    At least be honest enough to say "I don't care about anyone but myself and my family, just leave me and my money alone, i'm not a part of the better of this society as a whole."

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