Aug 13
2008

Health Savings Account 'Grab Bag' 101 - End of the Summer Blues

Posted by rsgrady in humorHSAhdhpeligible expenses

shades
 It's "T" minus two days and counting; then my kids go back to school.  My son is doing that "I'm sooooooo bored, there's nothing to doooooooooo" routine that I am pretty sure all kids under the age of about 15 perpetrate for the sole purpose of driving their parents nuts.  The "go read a book," recommendation went over about as well as his sister pulling his hair or him twisting his ankle on his way to the pantry for the eighth time today, and the 4,623rd time this summer to see if there is anything "good" in there for him to graze upon.  Amazingly, there are still no Snickers, Hershey Bars, anything from the Keebler Elves, or from the chocolate fairy, staring out him.  As you might imagine, these really are the only items in the pantry that would meet his needs and qualify as "good."

I kind of know how he feels as honestly, this whole HSA  ‘Grab Bag‘ series has been fairly mind numbing for me too.   And why isn't there a chocolate Fairy?

While seeking inspiration for this article I had my TV on mute with the Olympics on.  I had one eye fixed on the set and the other staring absently at my computer screen when my son landed on the couch next to me.  In a fleeting moment of "inspiration" the following words spouted from my mouth,

"You are welcome to watch the Games with me,

But there's one thing you can not do;

 that's sit here and complain.

‘Cause if you do,

you're going

to drive me

out of my mind insane."

Now I wouldn't go so far as to call that poetry, but I humored myself and seemed a bit less dry than the Health Savings Account Grab Bag.

But alas (is that Shakespearian?), I suppose, a nugget from the Grab Bag is in order so let's grab another.  How about eligibility of individuals receiving benefits from the VA?

No doubt, the burning question on the tip of thousands of readers' tongues, or at least one somewhere.  Otherwise the ‘Grab Bag' folks wouldn't have come up with an answer to the question....or maybe they would have.

Here's the scoop, generally individuals receiving VA benefits in the past three months are not HSA eligible.  However, if the covered individual's medical benefits consisted only of preventative care or disregarded coverage then the individual is in luck.


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