The problem with HSA's as they were defined previously is that at the end of the year you lost ALL MONEY put into them! We lost nearly $6000 in our HSA because we thought that it would roll over into the next year. It didn't. So I basically gave the bank $6000 Free gratis at no charge and no effort on their part. If the HSA's were permanent and not "Use it or Lose it" I would go for that.........................
All this stuff is VOLUNTARY - exactly what it’s supposed to be. it’s about FREEDOM.
That’s what your congressman is for
To refine the details
That is a flex plan. An HSA is different. With my HSA the account is actually in my name, it goes with me wherever and whenever. Can be used for nursing homes even when you get old. A flex plan is where they put a bunch of pre-tax money aside and it's a use it or lose it. I'm surprised you were allowed $6000, the ones I've had available they wouldn't let us go that high, it maxed out much lower than that.
Badger:”The problem with HSA’s as they were defined previously is that at the end of the year you lost ALL MONEY”
You are describing FSAs (Flexible Spending Accounts). HSAs have ALWAYS been able to carry forward and the money is yours for life (or until the liberal elites take the money from you by changing the law). I have an HSA today and have had it for three years and it covers everyone who is in my health plan.
- Allow all individuals to use Health Savings Accounts (HSAs), and make those contributions tax-free and allow them to accumulate year after year. Make them part of an individual’s estate, able to be passed on to heirs without fear of any death penalty.