Comments on: The $100k Health Savings Account

By: Daniel

Daniel — Sun, 24 Mar 2019 14:11:28 +0000

HSA is a very interesting option and I am sure I will go into this. Thanks for this great overview!

By: David Carlson

David Carlson — Fri, 22 Mar 2019 13:17:21 +0000

In reply to Syed. I actually didn't know Fidelity had an HSA! With ours being a minimum of ~$2k, it is a bit of a bummer to have to leave that much cash in it since it's so easy to shift investments back to the savings portion. I could switch but our HSA is very integrated into other things like our biometric screening / health rewards, so it's just easier to keep it where it is.

By: David Carlson

David Carlson — Fri, 22 Mar 2019 13:12:42 +0000

In reply to Josh. Yeah the trend towards high deductible health plans worries me in the sense that many do not even have enough in their primary emergency, let alone a secondary "medical" emergency fund. You really need some sort of cash cushion to avoid going into debt when a medical emergency happens.

By: Josh

Josh — Wed, 20 Mar 2019 19:12:48 +0000

I don’t have access to an HSA but wish I could for the tax benefits. As a self-pay family with two different unplanned medical visits in the same month, having an HSA helps “force” you to set aside cash for inevitable medical expenses.

I think the $100k goal is laudable and helps provide a healthy cushion for later in life.

By: Syed

Syed — Wed, 20 Mar 2019 18:56:28 +0000

I love HSAs and make sure it is my first account that is maxed out. I recently switched mine to fidelity which has no fees and no minimums so you can invest the entire balance. Nowadays even “low” deductible plans can have pretty high deductibles still, so going with a HDHP and utilizing an HSA is usually a smart idea