On October 26, 2017 at 09:46, highfigh said...
True, but only for that year- if you don't use it by a certain date in the next calendar year, you lose it. I never liked HSA for that reason- for everything else, I think it's great.
What AZCS said.
I know of few folks that had the FSA and hated it. They either didn't have enough or they were racing to Walgreen's on 12/31 buying up bandages and stuff to use up the money before end of the year.
HSA is not like that. I've had money roll over for some time now.
It's slow to get going, especially if you use it. My HDHP if maxed out only leaves few hundred bucks left each year. First $1,000 can't be invested and has to say in HSA account for use for doctors, etc.
Anything over $1,000 can be invested in whatever.
Look at that video.
I have some investments earning double digit returns, all tax free. Not tax deffered -- tax free.
Sure I have to spend it on healthcare, but I challenge you to find one person that can't find a way to spend money on eyes, teeth, braces, crack, etc.
I wish I could put more than the $6,750/yr allowed.
