Comments on: What to do About Health Savings Accounts with High Fees http://cashmoneylife.com/health-savings-accounts-hsa-transfer-rollover/ Money Management, Small Business, Career Wed, 23 May 2012 21:16:10 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Ryan http://cashmoneylife.com/health-savings-accounts-hsa-transfer-rollover/#comment-23854 Ryan Thu, 27 May 2010 21:26:00 +0000 http://cashmoneylife.com/?p=1332#comment-23854 Craig, I believe the person who receives the funds from the HSA needs to be on the plan associated with the HSA. Your issue is not uncommon - many employers offer better benefits to their employees than they do for their employee's family members. I know several people who have separate health care plans because of similar issues. Craig, I believe the person who receives the funds from the HSA needs to be on the plan associated with the HSA. Your issue is not uncommon – many employers offer better benefits to their employees than they do for their employee’s family members. I know several people who have separate health care plans because of similar issues.

]]> By: Craig http://cashmoneylife.com/health-savings-accounts-hsa-transfer-rollover/#comment-23850 Craig Thu, 27 May 2010 18:35:30 +0000 http://cashmoneylife.com/?p=1332#comment-23850 If my wife were to get a qualifying HDHP plan and open up a HSA would I be able to use the money in the HSA even though I am not covered under her HDHP? I am currently insured by my employer and I do not believe it is considered a HDHP but I could change to a HDHP...the problem comes in when I add my wife the rate jumps from 6.07 per pay period to 219 per pay period. Thanks for your time and any information would be helpful since I have heard and read both answers. If my wife were to get a qualifying HDHP plan and open up a HSA would I be able to use the money in the HSA even though I am not covered under her HDHP? I am currently insured by my employer and I do not believe it is considered a HDHP but I could change to a HDHP…the problem comes in when I add my wife the rate jumps from 6.07 per pay period to 219 per pay period. Thanks for your time and any information would be helpful since I have heard and read both answers.

]]> By: Ryan http://cashmoneylife.com/health-savings-accounts-hsa-transfer-rollover/#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/health-savings-accounts-hsa-transfer-rollover/#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/health-savings-accounts-hsa-transfer-rollover/#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/health-savings-accounts-hsa-transfer-rollover/#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/health-savings-accounts-hsa-transfer-rollover/#comment-16292 Tom Fri, 30 Jan 2009 06:13:51 +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/health-savings-accounts-hsa-transfer-rollover/#comment-16279 Miranda Thu, 29 Jan 2009 16:54:03 +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.

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