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Current HSA's aren't a bad proposition for the young & healthy or wealthy, but it does take foresight. Are they good for everyone or a replacement for ACA? Lol. HSA's are paired with high deductible insurance that usually cover basic preventive medicine. For young healthy people, the smart thing to do is save/spend out of a personal cash account. Fund the personal account so that it covers ~2 years of max deductibles and replenish at the end of the year. Since you can redeem out of your HSA account for periods outside of the year medical services were paid for, one can accumulate the amount they can draw tax free. Since the monies you put in an HSA is tax deductible, are not taxed when redeemed for qualified medical expenses and allow you to put your money in securities, the most advantages thing to do is treat the account as a long term saving vessel with the tax advantages of both a Roth and traditional IRA rolled into one! Ta-da. Now, if you own a Private Equity firm and fill your HSA with shares of your fledgling company when it is valued at .0000001 cent per share you'll be on your way to prosperity!!
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Oct 26, 2015 06:50
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| # ¿ May 12, 2024 14:31 |
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When will it hit Netflix? August, sept, oct?
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Nov 1, 2015 02:16
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