>> I un-retired a couple of years back and returned to work full time. My current employer will be offering health insurance plans with HSAs next year. <<Same here. I'm interested to see how it compares in terms of deductibles, company contributions and premiums, to our existing high deductible options.>> The only pitfalls I can see:- If retirement finds me superhealthy, then I might not be able to spend all of that HSA money. In that case, it would go to my heirs. ,- The HSA fund investment options are limited to what the HSA plan adminstrator allows. <<As for your first comment, you will be able to withdraw this for any reason starting at age 65. It will continue to be tax-free to withdraw for health care purposes, but taxable as ordinary income (but no penalty after 65) for other purposes, much like a 401K.As for the second, yes, that's a concern. I am waiting to see what investments will be there. Still, I'd probably play it safe anyway until I had 1-2 years of out of pocket maximums in there, and then I'd probably start investing what's above that (assuming we can). Some administrators have little more than low-yielding savings accounts, and if that's the case, it wouldn't make much sense to fund an HSA beyond a couple years of potential out of pocket maximums. But in reality we'll probably need to see the details and play with a spreadsheet.#29
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra