HSA plan meede mee opinion

[mastercheif]

anybody on this and how do they like it ?

[Doola]

HSA plan ante ?

[Barney_Stinson]

nu chala takkuva visits ki veltey use aitadi also paisal use or loose type ani na interpretation

 

[mastercheif]

5 minutes ago, Barney_Stinson said:

nu chala takkuva visits ki veltey use aitadi also paisal use or loose type ani na interpretation

 

adi FSA... fsa lo loose it or use it.

HSA--health savings account , your contribution does not expire ever.

FSA--flexible spending account

[Barney_Stinson]

Just now, mastercheif said:

adi FSA... fsa lo loose it or use it.

HSA--health savings account , your contribution does not expire ever.

FSA--flexible spending account

yea correst eyy.. half knowledge is dangerous 

[indra_babu]

i am using HSA. there are 2 options. HSA can only be used for Medical reasons.

 

1. Taking HSA separately (this will never expire and can be used in medical emergencies.

2. Company Sponsored Health Insurance + HSA ( i this option, if you are married then the deductible will be high but employer contributes towards HSA. Singles ki best e option, and money can be saved, for future medical cost in events (Surgeries/pregnancy etc)

 

Example: if you need an MRI, corporate hospitals will charge 3000-6000$. outside it will be done with 500$. for paying that amount, you can use HSA.

[mastercheif]

Just now, indra_babu said:

i am using HSA. there are 2 options. HSA can only be used for Medical reasons.

 

1. Taking HSA separately (this will never expire and can be used in medical emergencies.

2. Company Sponsored Health Insurance + HSA ( i this option, if you are married then the deductible will be high but employer contributes towards HSA. Singles ki best e option, and money can be saved, for future medical cost in events (Surgeries/pregnancy etc)

 

Example: if you need an MRI, corporate hospitals will charge 3000-6000$. outside it will be done with 500$. for paying that amount, you can use HSA.

families ki idhi yendhuku waste man ? i heard this from others too but i want details why is not best for families

[perugu_vada]

nadhi HSA ye ne .. ma company vadu 1500$ ichadu HSA theskunnandhuku .. so PPO or HSA pedda difference ledu .. ma colleague valla wife was pregnant, he was on HSA.. thanu cheppadu PPO or HSA doesnt matter in our case ani, deductible 50% already met by company contribution kabatti

doctor visit ki PPO aithe co-pay 15-20$ pay chesthav. adhe HSA aithe as per provider if doc quote 250$ Insurance provider rate will be like 90$ or so, ah 90$ pay chesthav

yes, HSA lo contribute cheyochu from your pay-check .. lets say 5000$ contribute chesthe dhani medha tax undadhu .. u end up saving about 1250$ .. niku hospital bill 5000$ osthe HSA card use chesi pay cheseyochu .. pharmacy lo pay cheyochu .. doc visits lo pay cheyochu .. adhe HSA kakapothe after tax niku oche amount tho bill pay chesthaav.. adhe HSA aithe ala kadu

[mastercheif]

7 minutes ago, perugu_vada said:

nadhi HSA ye ne .. ma company vadu 1500$ ichadu HSA theskunnandhuku .. so PPO or HSA pedda difference ledu .. ma colleague valla wife was pregnant, he was on HSA.. thanu cheppadu PPO or HSA doesnt matter in our case ani, deductible 50% already met by company contribution kabatti

doctor visit ki PPO aithe co-pay 15-20$ pay chesthav. adhe HSA aithe as per provider if doc quote 250$ Insurance provider rate will be like 90$ or so, ah 90$ pay chesthav

yes, HSA lo contribute cheyochu from your pay-check .. lets say 5000$ contribute chesthe dhani medha tax undadhu .. u end up saving about 1250$ .. niku hospital bill 5000$ osthe HSA card use chesi pay cheseyochu .. pharmacy lo pay cheyochu .. doc visits lo pay cheyochu .. adhe HSA kakapothe after tax niku oche amount tho bill pay chesthaav.. adhe HSA aithe ala kadu

whats your situation ? single /family ?

[sri_india]

4 minutes ago, perugu_vada said:

nadhi HSA ye ne .. ma company vadu 1500$ ichadu HSA theskunnandhuku .. so PPO or HSA pedda difference ledu .. ma colleague valla wife was pregnant, he was on HSA.. thanu cheppadu PPO or HSA doesnt matter in our case ani, deductible 50% already met by company contribution kabatti

doctor visit ki PPO aithe co-pay 15-20$ pay chesthav. adhe HSA aithe as per provider if doc quote 250$ Insurance provider rate will be like 90$ or so, ah 90$ pay chesthav

yes, HSA lo contribute cheyochu from your pay-check .. lets say 5000$ contribute chesthe dhani medha tax undadhu .. u end up saving about 1250$ .. niku hospital bill 5000$ osthe HSA card use chesi pay cheseyochu .. pharmacy lo pay cheyochu .. doc visits lo pay cheyochu .. adhe HSA kakapothe after tax niku oche amount tho bill pay chesthaav.. adhe HSA aithe ala kadu

bro  enni years gaa HSA maintain chesthunavu????    

major disadvantage with HSA is  .... lets say you have 5000 contributed this year and only spend 1000 .. 4000 migilipoyayi anukolemu ... you have to carry forward and have to spend on medical expenses   or you have to pay tax and penalty on that amount to withdraw .... technically USA lo nee life anukuntee best ani naa feeling .... like old age vochee varuku aa amount big amount gaa pile up avuthundi but disadvantage also ... really big health issue vochi nee HSA amount saripokaa pothy????

[mastercheif]

1 minute ago, sri_india said:

bro  enni years gaa HSA maintain chesthunavu????    

major disadvantage with HSA is  .... lets say you have 5000 contributed this year and only spend 1000 .. 4000 migilipoyayi anukolemu ... you have to carry forward and have to spend on medical expenses   or you have to pay tax and penalty on that amount to withdraw .... technically USA lo nee life anukuntee best ani naa feeling .... like old age vochee varuku aa amount big amount gaa pile up avuthundi but disadvantage also ... really big health issue vochi nee HSA amount saripokaa pothy????

HSA money value grows overtime, ante interest vasthundhi (america lo interest is joke i know) but still its something.

HSA money major health issue ki saripokapothey then you have coninsurance kada after deductible.

[krishnote3]

46 minutes ago, perugu_vada said:

nadhi HSA ye ne .. ma company vadu 1500$ ichadu HSA theskunnandhuku .. so PPO or HSA pedda difference ledu .. ma colleague valla wife was pregnant, he was on HSA.. thanu cheppadu PPO or HSA doesnt matter in our case ani, deductible 50% already met by company contribution kabatti

doctor visit ki PPO aithe co-pay 15-20$ pay chesthav. adhe HSA aithe as per provider if doc quote 250$ Insurance provider rate will be like 90$ or so, ah 90$ pay chesthav

yes, HSA lo contribute cheyochu from your pay-check .. lets say 5000$ contribute chesthe dhani medha tax undadhu .. u end up saving about 1250$ .. niku hospital bill 5000$ osthe HSA card use chesi pay cheseyochu .. pharmacy lo pay cheyochu .. doc visits lo pay cheyochu .. adhe HSA kakapothe after tax niku oche amount tho bill pay chesthaav.. adhe HSA aithe ala kadu

one more important point is ..if we dont use $5000  for that year can be carried over to next year.so you would be accumulating the amount every year.

[Maryadaramanna]

HSA is best man

Nee Taxable amount tagguddi. 

at any time you can buy over the counter drugs/vitamins/supplements with it. 

[Maryadaramanna]

so, akkada save cheskovachu

[Maryadaramanna]