Skip to main content
No. of Recommendations: 0
Anyway, is this how it works?

You (or your employer) max out an HSA at $6,500 and you use that money to pay for doctors visits, etc. Then you buy a high-deductible, say $5,000, catastrophic coverage plan for about $100/mo. with an out-of-pocket limit of $4,000


My wife and I would put in the max contribution, and the IRS-required high-deductible plan cost us $210 monthly (through Humana). $10,000 deductible, and I forget about the out-of-pocket limit.

As a side point, we chose an HSA plan administrator that allowed the full range of investment options available to tax-advantaged accounts, so I trade stocks and options in the HSA account just as I do with retirement accounts. We have so few health care expenditures that we just pay them out of pocket, and the HSA is therefore growing nicely.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.