Oct 27
2008

That Health Savings Account (HSA) You Hooked Is One Big Fish

Posted by rsgrady in what is an HSAtaxesHSA educationHSAhigh deductible health planHealth Savings Accountshdhpfinanceeligible expenses

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You've just been enrolled in an HSA for the first time huh?  You might feel like you just hooked a big nasty line pulling pike.  That sucker is and bad and feels like he's pulling you all over the place.  How in the world are you going to deal with it?

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If you have the right gear to reel it in, and maybe a cold Budweiser, you might just get him in the boat.  Except for the chilly beer, that's what HSAeducator.com is all about; having the right gear.

If you feel like your line was hit hard by this new HDHP/HSA insurance plan, or maybe you are the pike on the line and your employer just rammed turned you, HSAeducator.com can definitely help you out.

As an opinion maker of uno, I recommend you look at your new insurance and savings plan you have as a gift.  I believe high deductible health plans when combined with health savings accounts can be a major part of America's solution to healthcare.  While they turn a lot of the responsibility for our health and healthcare over to us, they give us control too, and control is power.  You may not know it yet but dude (and fisherdudesses) with your HSA you've got the power.   

But you are new to the HSA fishing tournament and, I'm getting ahead of myself.  Before you can harness the power of your new HDHP and HSA, you've got to learn the language. 

It all starts right here.  HSAeducator.com starts by answering the basic HSA questions.  Things like:

  • Ÿ How much can I contribute to my HSA each year?
  • Ÿ What can I spend money from my HSA for?
  • Ÿ Can I buy fishing lures with money from my HSA or maybe a new boat?
  • Ÿ What happens if I put too much money into my HSA?
  • Ÿ Do I have to use the bank my company is pushing for my HSA?
  • Ÿ If I change jobs what happens to the money in my HSA?
  • Ÿ What if I don't spend all the money in my HSA each year?
  • Ÿ Should I try to spend the money in my HSA every year or let it pile up for something major?
  • Ÿ Can I pay my HDHP premiums from my HSA?
  • Ÿ Can I take my HSA contributions off my taxes?
  • Ÿ Can I spend my HSA dollars on a back snapper?
  • Ÿ Is an HSA the same as my FSA?

Good questions and they're all answered on HSAeducator.com.  Plus, if you have really specialized questions you can check out the health savings accounts discussion forum , ask your question and they'll give you an answer or maybe or someone else with an HSA can give you some guidance 

One more thing that makes HSAeducator.com different from say, that slick brochure your employer gave you, is that it's written in English.  Not the Queen's English, but plain old every day conversational English, not something that looks like it was written by a the U.S. Congress or some lawyer.   So while it is no your favorite "fishin' magazine," it's a damned sight closer than the Harvard Law Review.


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