HSA Accounts
- Thread starter Cancel 2016.2
- Start date
what are you talking about?
Cancel 2016.2
The Almighty
1) that they be portable
2) that companies and states OFFER them (most companies/public agencies do NOT offer the HSA plan)
Cancel 2016.2
The Almighty
exactly.... odd that no one seems to know where that money goes to...
Cancel 2016.2
The Almighty
He doesn't know.... Obama just farted and thus he was simply shouting in the wind tunnel. Go easy on him... his head has been up Obama's ass for quite some time now. He can't help himself at this point.
last i checked you cant write off medical expenses unless it exceeds a certain % of your GDP and then you also lose your personal exception. with a hsa or health savings it comes out pretax from your paycheck thus lowering your taxable income at the end of the year and you can use the money for qualified medical expense like copays, medical supplies, and my favorite dentistry bills that otherwise would be paid aftertax.
All I was saying is its not fair to individuals that dont have this option and it would be much simplified to allow for additional tax write off when filling out your tax form for medical expenses instead of jumping thru paperwork hoops with a health savings plan.
All I was saying is its not fair to individuals that dont have this option and it would be much simplified to allow for additional tax write off when filling out your tax form for medical expenses instead of jumping thru paperwork hoops with a health savings plan.
Well, the concept behind HSA is that the money you put into an HSA is not taxed and you can use it to pay for your medical expenses. That's all well and good, but there must be a mechanism for ensuring that the money from the HSA is used for qualified medical expenses. Allowing people to spend the money in an HSA and then to submit proof that the HSA money was used for qualified medical expenses is a process ripe for fraud. Requiring instead that a person submit proof of a qualifiied medical expense (which I imagine you are required to submit to get the checks you mentioned) serves to prevent people from using HSA funds for non-qualified expenditures.
well for copay's it automatically comes to me in a check. I guess its pre-approved. If i go get a root-canal and crown $500 out of my pocket I would need to submit proof before I got a check. Personally I don't think its worth it to have the layer of administration and its sort of unfair to those without the savings plan. Just make it similar to how charitable contributions are handled on the tax forms. Proof could be required.
1) I know that "portability" and "tort reform" are the sum total of Republican ideas on healthcare reform but I don't quite understand the specific application to HSAs. DO you mean that the underlying high-deductible insurance plans should be portable?
2) Companies and states can offer whatever the hell they want to offer. Are you suggesting that the government ought to require businesses to offer high deductible plans?
They actually direct-deposit ours.
Cancel 2016.2
The Almighty
1) You are a fucking hack.
2) You are a fucking hack.
3) 'portability' and 'tort reform' are NOT the sum total of Rep ideas you fucking hack. That is simply the strawman bullshit that idiotic fucking hacks like you continue to spew forth. Why? because your masters told you to. That is why.
4) YES, I mean the underlying plans should be portable. Hence the word PORTABLE.
5) I was countering your 'Well, they exist and people can use them if they want.' line of crap. For most employees, they do NOT exist (through the companies/agencies). Most companies and most government agencies do NOT offer the HSA accounts to their employees. My suggestion is to show the companies and states the benefit of these plans. I presented this op-ed as a good reason they should look into them.
1) Well, you said "they" should be portable and we were talking about HSAs and saying HSAs should be portable makes no fucking sense at all so I thought I'd give you an opportunity to explain yourself.
2) My point still stands. There isn't really anything preventing people from getting high deductable plans. I was wondering what you had in mind to promote them. Thank you for responding.
Perhaps the fact that lots of people do not use high deductible plans with HSAs is indicative of the fact that people don't want them. No?
Cancel 2016.2
The Almighty
1) You were playing word games like an annoying little hack. The HSA accounts cannot be contributed to without the HSA insurance plan you moron.
2) No, you point does not stand. If a company offers four choices and an HSA plan is not one of them, then the employee is not likely going to have the knowledge to go out and get an individual HSA plan on their own. I would guess that most people don't even know they exist because their company or agency does not offer them.
No, it is not indicative of any such thing. If companies and agencies do not offer such plans, then individuals are not going to have access to them. Unless you believe that most people will dump plans their company pays into for a plan they have to find on their own?
Mott the Hoople
Sweet Jane
Mott the Hoople
Sweet Jane
Mine sucks. I have to save up to $6,000 grand to meet deductibles and the coverage has serious cap limits, exclusions for pre-existing conditions. I'm still paying off about $5,000 in debt from my wifes accident when the company first switched over to the HSA and I only had several hundred dollars in it.
HSA's are great for insurance companies and for you as long as you never get sick or have a serious illness or injury. If you do have a serious injury or illness, then they suck.
Mott the Hoople
Sweet Jane
Yea...we have that to, except our company doesn't offer the caddilac version. Our offers the Ford Pinto version. I got burned on my HSA so I paid the extra money for the superior 80/20 plan. I think your talking about an FSP not an HSA. FSP's are use it or lose it.
Last edited:
Mott the Hoople
Sweet Jane
Cause their based on prior knowledge of ones annual medical expenditures. If you or a family member has a pre-existing condition, say diabetes, and can get this form of coverage, they rock.Then you HR head is a tool.
Those are medical flex accounts. I have no idea why they were made so that the individual cannot role those amounts over.
Mott the Hoople
Sweet Jane
Those are good plans if you have known annual medical expenditures. They suck if you don't.
Mott the Hoople
Sweet Jane
Mine does and it sucks. Why can't I have both a standard 20/80 plan with a tax deductable or deferable HSA?
HSA's are only good if you are healthy and need medical insurance to prevent an economic catastrophe if you contract rabies or get ran over by a Zamboni. If you have significant annual medical expenditures or you are early into your HSA before you meet the savings cap, then they suck.
Last edited: