HSA??

jimhelm · 12-27-2012, 12:35 PM

My health insurance is ridiculous. $249 per pay plus $15 for dental.
The HSA is $130 less. per pay. The deductible is $3000 annually for a family. If I opt for the HSA and contribute and extra $130 per week, it will take me 23 weeks to cover the deductible. If someone actually gets sick, I could have to pay another $3k max in that first year. it would take me 46 weeks to get to 6k.

If no one gets sick at all, I would have $6760 in my account to cover the next year, and that account would grow tax free at $6760 per year. subtracting no more than $3000 of ordinary medical expenses per year.

the only real risk I see is if one of us gets sick and needs a prescription filled before I have enough saved to cover it. Pills are expensive.

I have until tomorrow to decide what to do.

anyone have advice?

12-27-2012, 12:35 PM	#1
jimhelm a beautiful fool Join Date: Sep 2010 Location: 39.939705 Posts: 4,504	HSA?? My health insurance is ridiculous. $249 per pay plus $15 for dental. The HSA is $130 less. per pay. The deductible is $3000 annually for a family. If I opt for the HSA and contribute and extra $130 per week, it will take me 23 weeks to cover the deductible. If someone actually gets sick, I could have to pay another $3k max in that first year. it would take me 46 weeks to get to 6k. If no one gets sick at all, I would have $6760 in my account to cover the next year, and that account would grow tax free at $6760 per year. subtracting no more than $3000 of ordinary medical expenses per year. the only real risk I see is if one of us gets sick and needs a prescription filled before I have enough saved to cover it. Pills are expensive. I have until tomorrow to decide what to do. anyone have advice? __________________ There's a Shadow just behind me. Shrouding every step I take. Making every promise empty, pointing every finger at me. _tool

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