Comments on: What to do About Health Savings Accounts with High Fees http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/ Money Management, Small Business, Career Sun, 21 Mar 2010 02:34:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-21700 Ryan Tue, 09 Feb 2010 13:46:42 +0000 http://cashmoneylife.com/?p=1332#comment-21700 Dan, It may be possible to pay with the balance of your account, then pay the difference with cash. Contact your plan manager for more information. Dan, It may be possible to pay with the balance of your account, then pay the difference with cash. Contact your plan manager for more information.

]]> By: Dan Kelly http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-21687 Dan Kelly Tue, 09 Feb 2010 02:16:55 +0000 http://cashmoneylife.com/?p=1332#comment-21687 I can't find the answer to this question anywhere. Say your MSA account balance is $50. You have a medical expense of $100. Can this be paid? It would put the account in a negative $50 balance. Sincerely, I can’t find the answer to this question anywhere.

Say your MSA account balance is $50. You have a medical expense of $100. Can this be paid? It would put the account in a negative $50 balance.

Sincerely,

]]> By: Ryan http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-20671 Ryan Sat, 12 Dec 2009 19:22:57 +0000 http://cashmoneylife.com/?p=1332#comment-20671 Karen, Some plans cover annual checkups and exams (often referred to as "preventive health care") as part of the plan without any additional fees. Some insurance companies classify these exams the same as any other doctor visit and you pay for them out of pocket, unless you have reached your deductible. Be sure to read your plan closely to be sure how your insurance policy treats these visits. Karen, Some plans cover annual checkups and exams (often referred to as “preventive health care”) as part of the plan without any additional fees. Some insurance companies classify these exams the same as any other doctor visit and you pay for them out of pocket, unless you have reached your deductible. Be sure to read your plan closely to be sure how your insurance policy treats these visits.

]]> By: karen pataluna http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-20669 karen pataluna Sat, 12 Dec 2009 15:17:35 +0000 http://cashmoneylife.com/?p=1332#comment-20669 i understand the out-of-pocket expenses, but who takes care of the medical needs like a mamogram or other medical conditions. How does that work? thank you i understand the out-of-pocket expenses, but who takes care of the medical needs like a mamogram or other medical conditions. How does that work? thank you

]]> By: Tom http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-16292 Tom Fri, 30 Jan 2009 05:13:51 +0000 http://cashmoneylife.com/?p=1332#comment-16292 I have to admit, I have never heard of such savings plans before. In Canada, we have socialized medicine, so the cost (rarely) is an issue. I have to admit, I have never heard of such savings plans before.
In Canada, we have socialized medicine, so the cost (rarely) is an issue.

]]> By: Miranda http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-16279 Miranda Thu, 29 Jan 2009 15:54:03 +0000 http://cashmoneylife.com/?p=1332#comment-16279 We are considering a Health Savings Account. Thanks for this informative post. We will use it as we evaluate our options. We are considering a Health Savings Account. Thanks for this informative post. We will use it as we evaluate our options.

]]> By: Rob G. http://cashmoneylife.com/2009/01/29/health-savings-accounts-hsa-transfer-rollover/comment-page-1/#comment-16272 Rob G. Thu, 29 Jan 2009 13:26:22 +0000 http://cashmoneylife.com/?p=1332#comment-16272 I would spend down the money on qualified expenses as quickly as possible. If you know you will spend $2000 this year on qualified items pull the entire amount out now to avoid fees and earmark it for the future expenses. As long as you incur the expenses in '09 you should be ok. I would spend down the money on qualified expenses as quickly as possible. If you know you will spend $2000 this year on qualified items pull the entire amount out now to avoid fees and earmark it for the future expenses. As long as you incur the expenses in ‘09 you should be ok.

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