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Nov 12, 2024
1:39
:48
pm
RGGeemer
Intervention Needed
The savings plan is the same. You can contribute up to $8,550 to your HSA no
matter which plan you pick.
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RGGeemer
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rggee
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RGGeemer
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Aug 18, 2010
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Nov 14, 2024
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Author
Time
HSA question: $1,500 HSA or $3,000 HSA/year?
RexburgCougar
Nov 12, 12:44pm
Are those contributions that will be made to your HSA account? DMBA can’t
allaboutthegainz
Nov 12, 12:46pm
Those are the deductibles.
RGGeemer
Nov 12, 12:51pm
HSA is one of the best retirement savings vehicles available
Skeptical Optimist
Nov 12, 12:46pm
I'd do the $3K.
jdub
Nov 12, 12:47pm
<< Deleted >>
justAnotherCoug
Nov 12, 12:47pm
You can't contribute to an HSA and FSA.
JuicyJam
Nov 12, 12:48pm
You can contribute to an HSA and a limited purpose FSA
Skeptical Optimist
Nov 12, 12:49pm
Thank you for that. That makes sense. I can contribute to dental and vision, but
RexburgCougar
Nov 12, 12:58pm
That is a limited purpose FSA. You can have that if you have an HSA.
Skeptical Optimist
Nov 12, 12:59pm
And you can use HSA for dental and vision costs.
Schultz is back
Nov 12, 1:04pm
But you don't want to. Save your HSA.
Skeptical Optimist
Nov 12, 1:08pm
Yeah, that's a good idea if you can afford to do it that way
Schultz is back
Nov 12, 1:37pm
I put in $750 - $1000 per year on my limited purpose FSA - low enough that I'm sure I'll use it all
Skeptical Optimist
Nov 12, 1:47pm
I'm a little below that at $50/mo., but for the same reasons.
RexburgCougar
Nov 12, 1:49pm
If you have a high deductible plan with an HSA, do not use an FSA.
Schultz is back
Nov 12, 12:50pm
I like taking on higher risk but so i would choose the 6k and max
JohnnyC
Nov 12, 12:51pm
Correct. Though I would have a cashflow problem if I even tried to max it out
RexburgCougar
Nov 12, 1:01pm
Nice! 4% match is great.
JohnnyC
Nov 12, 1:06pm
It depends on the premiums and how many medical expenses you have each year.
RGGeemer
Nov 12, 12:54pm
This is the risk, but I am banking on the fact that a $6,000 premium isn't too
RexburgCougar
Nov 12, 1:08pm
The savings plan is the same. You can contribute up to $8,550 to your HSA no
RGGeemer
Nov 12, 1:39pm
If you have recurring prescriptions be sure to check prices.
BlueCoug
Nov 12, 1:01pm
If you expect low medical expenses, then I'd probably go for the one with the
TheNerd
Nov 12, 1:08pm
Thank you, All! I just wanted confirmation if I was making the right choice
RexburgCougar
Nov 12, 1:09pm
BYU open enrollment ended on 11/8.
bluebooks
Nov 12, 1:22pm
Yeah! I should have been clear that I already made the decision, but was still
RexburgCougar
Nov 12, 1:26pm
I would choose the $3k HSA and not spend any of it. Put it away and let it grow
diluigifan
Nov 12, 1:30pm
I'm not convinced the $3k is a company contribution....I'm thinking that is just
RGGeemer
Nov 12, 1:40pm
The deductible is $6K and the contribution is $3K for the HSA60 plan.
RexburgCougar
Nov 12, 1:44pm
Interesting. Sounds like that is the way to go then. The extra $1500
RGGeemer
Nov 12, 1:59pm
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