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

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    Veteran Member Devil505's Avatar
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    How much money do you have in your Health Savings Account?

    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?
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    Veteran Member Southern Dad's Avatar
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    If you donít have money in your savings account there is one person to blame... Look in the mirror. The reason that people have nothing in savings is simple, they do not see it as a high priority. Thatís it. It is that simple.

    As for health savings accounts, this is even easier due to payroll deductions.
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    Veteran Member MaryAnne's Avatar
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    Health care bill so bad,Republicans do not want it.

    https://www.vox.com/platform/amp/pol...cans-exemption

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    Quote Originally Posted by Southern Dad View Post
    If you donít have money in your savings account there is one person to blame... Look in the mirror. The reason that people have nothing in savings is simple, they do not see it as a high priority. Thatís it. It is that simple.

    As for health savings accounts, this is even easier due to payroll deductions.
    Um..no it's not that simple and your full of shit. Fact.

    You must not know many poor people. Sad

    GOP healthcare plans push health savings account expansion | TheHill
    Last edited by steezer; 14th July 2017 at 04:52 AM.

  5. #5
    Veteran Member Devil505's Avatar
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    Quote Originally Posted by Southern Dad View Post
    If you don’t have money in your savings account there is one person to blame... Look in the mirror. The reason that people have nothing in savings is simple, they do not see it as a high priority. That’s it. It is that simple.

    As for health savings accounts, this is even easier due to payroll deductions.
    Translation: I have no HSA (health savings account)
    Last edited by Devil505; 14th July 2017 at 04:56 AM.

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    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by steezer View Post
    Um..no it's not that simple and your full of shit. Fact.

    You must not know many poor people. Sad
    There is no reason for someone to not have savings other than that individual does not see savings as a priority. Savings should be a percentage of what a person makes. Since lower income people aren't paying federal income tax, it should not be difficult to put 5% - 10% of the check away each pay period. Set it up with your payroll department. For someone making $10 per hour working full-time that comes to $20 - $40 per week. Can't do 5%? Do 2.5% or 1% but to not have any savings... That is the fault of the individual.

    My favorite accounts are the Flexible Spending Accounts. That is really an interest free loan from your employer because the money goes into it January 1, funding it fully. And in most states, the money cannot be recovered by the employer if you terminate employment after spending it. On the flip side, if it is not used it is lost. The FSA limit is $2600, which is actually a reduction that was caused by the PPACA. Before the PPACA the employer set the limits of the FSA, it was commonly limited to $5k or $10k, although there were companies with even higher limits. How does that save money? The money is pre-tax. Of course to someone not paying federal income tax, that probably doesn't matter. In addition, like I said, the full amount opted for was available January 1st. It is useful for copays, deductibles, coinsurance, and many things like glasses, blood pressure monitors, etc.

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    Veteran Member Southern Dad's Avatar
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    Quote Originally Posted by Devil505 View Post
    Translation: I have no HSA (health savings account)
    I do not have an HSA because I do not have an HDHP healthcare insurance policy. I do have an FSA.

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    Nuisance Factor Yeti 8 Jungle Swing Champion, YetiSports 4 - Albatross Overload Champion, YetiSports7 - Snowboard FreeRide Champion, Alu`s Revenge Champion boontito's Avatar
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    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.

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    Veteran Member Southern Dad's Avatar
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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.
    Well, I'm glad that I do not fall into that category. If a business fails, so be it. Are there far too many regulations? You bet, but you need to research them before you go into business. It is part of doing business.

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    Galactic Ruler Spookycolt's Avatar
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    My employer puts in money to my HSA every pay period.

    My deductible is 2800 so that's covered and the rest simply pays for my premium every month. After my deductible all health expenses are covered 100%.

    Basically I never have to pay for anything health related.

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