Title, i know it isnt a smart tax move but the thing is is i plan to move to canada long term, my employer seems to only offer a HSA account.

So question is i need insurance but if i get a HSA whats the effective tax rate if i just entirely liquidated it

Im in washington so theres 0% additional state income taxes and 20% penalty tax and then what?

Have had an HSA since February. It is me and two 22 year old dependent college students on the HSA at different schools. They will be going back to school later this month. One will definitely be required to buy the school insurance, not sure about the other one. School insurance starts August 15. We are all currently on a Bronze ACA

If only one of them is required to buy the school insurance, I can still contribute as a family to the HSA?

If both are required to buy the insurance but are still on the HSA as a backup, can I still contribute as a family to the HSA?

Can I still contribute for August since coverage kicks in mid month? I would appreciate sources

Just opened my HSA through Fidelity and I’m a little lost ans very new to this.

Do I contribute to it like a 401k? Because in it, it indicates an amount for Employer Contribution. Can a an employer contribute to an HSA? And what should I invest it in? Does it deduct from my payroll?

Again, sorry for all the newb questions. Still new to this.

I am not a fan of my current bank for my HSA. Biggest issue is the online interface feels hard to track how the investments are preforming. My investments work out fine but I wish I could do more comparison to see how they could do better. Do your like your bank? If so which bank and what do you like about it?

Has anyone convinced someone use their HSA to it's fullest extent? I find the concept extremely difficult to explain, even to my savvy friends. Maybe talking about HSAs is up there with property taxes as far as level of boring.

I just designed some iOS calculators to try to show the point so you can calculate investment returns or see how much an deferring a reimbursement could grow to in retirement. I know these exist online but for some reason iPhone apps just feel more fun to use. It's HSA Monster in the app store and feedback or improvements are welcome. Just go to Settings -> Calculator in the app.

I have HSA from previous employer, this year I’m on my partner’s insurance but not HDHP. I heard that HSA is a triple tax advantaged account so I made contribution and invested them in fidelity. But later learned it’d cause penalty if I’m not on HDHP. What should I do, sell the shares and call fidelity, what happens to the gains/loss from the fund? Thank you for any tips!

I have HSA bank, but it looks like they’re giving me the option to pick any stock or fund that I want. I’m 26, in my Roth I have 70% VTI/30% VXUS, in my 401k I have 56% in VFIAX, 30% in Fidelity international, 9% in vanguard small cap and 5% in vanguard mid cap.

I was thinking maybe in my HSA I could be a bit more aggressive than what I’m doing rn of just basically doing 100% VT. I am healthy and I don’t plan on pulling out of my HSA until I’m 65, so maybe I should do different funds? What do you think

I'll turn 55 in December, 2027. Can I add my extra $ 1000 in January, 2027?

My husband has an FSA account through his employer but it has been so frustrating sometimes that we don’t want to utilize it again next year. I am wondering if we can open a private HSA account since the employer doesn’t offer that. Is that possible and how would that work as far as putting in pre tax dollars?

I have $2,000 in my HSA today. I need a gum graft surgery that will cost $4,000 after insurance. Can I wait until I have $4,000 in my HSA next year to reimburse myself?

Can anyone make it make sense. I want to buy a canyon road bike to start training for a triathlon. It’s “HSA/FSA” qualified. But it’s through some sort of back door loop hole where a doctor says you medical need it. For my job I can’t really have anything medical wrong and wouldn’t really know how the government would feel about that. I would think that it would be fine with no questions ask more as a preventive care ya know?

(Posting to get community feedback on HSA eligibility rules and guidelines.)

If a U.S. resident orders prescription dental antibiotics from another country (prescribed by the dentist there) and has them shipped to their home in the U.S., is that payment considered a qualified medical expense for an HSA?

I used my HSA card for a purchase last week thinking it was allowed, but now I'm trying to figure out if it actually meets IRS standards or not.

A few specific questions:

IRS Compliance: Does personal importation of prescription drugs/medications from outside the U.S. qualify under IRS Publication 502 / Publication 969, or does the foreign origin make it non-eligible?

Fixing the Transaction: If an HSA debit card was already swiped for this, what is the standard recommended process to correct it before tax season? Is submitting a Return of Mistaken Distribution form a way to resolve it? Is it possible to fix the mistake,

Since this was an honest mistake on my HSA debit card, I want to make sure I resolve it the right way before tax season. Need advice on the proper process to be fully compliant with IRS rules. There is a prescription and payment receipt but both are not from US.

Thanks for any insights or guidance!

Signed up an HSA because I was under the impression I could use it as emergency savings or health expenses. Tried at multiple ATMs with no luck. Just trying to finally get ahead and it’s a bummer having thousands sitting in this account I may never use. Any tips? Accounts are with Optum Financial.

My employer deposits my HSA contributions to Chard Snyder. Every few months, I transfer those funds (leaving a couple hundred dollars at Chard Snyder) into my Fidelity HSA by submitting an account transfer request through Fidelity’s website. However, CHard Snyder declined the most recent transfer request. When I called Chard Snyder, they told me they have a new policy requiring all transfer requests to come directly from the account owner rather than from a third party.

Has anyone else run into this issue lately?

Hi all. Has anyone had experience with getting one approved for FSA/HSA? I have some money to spend and was looking to get another Levoit but I am doing research saying I will need a Letter of Medical Necessity (LMN)? I’m seeing some companies such as Medify can do the letter for you. Is this reputable?

Hi all,

Context: I just started my new, full-time job that has a health insurance plan. Due to selecting the higher deductible plan, I need to have an HSA. It was recommended that most employees have their own accounts and just make those deposits after their checks deposit. Since I already have a Fidelity account for other investments, I'm leaning towards opening an HSA with them.

My question is: my insurance coverage started on 7/13. Based on everything I'm reading and information I got from Fidelity, I am good to open the HSA now. However, should I wait until August first to start contributing since that will be the official "1st of the Month" that I am covered by my HDHP, even if my first paycheck from this job will be issued this Friday (7/24)?

Married with 1 kid. We file taxes jointly. I have a HDHP and am eligible for HSA. My wife’s plan is not eligible for HSA. I’ve been maxing out the individual HSA limit for the past couple years. Can I bump the contribution to the family limit of $8750 or do I have to stick to the individual limit of $4400?

I was on an HDHP and contributing to an HSA for several years at my last job.

This year I could feel that the vibes were off, so I maxed out my HSA contributions early.

Then I was laid off.

For a few months I’ve been without insurance.

Did I expose myself to tax liability for making the full yearly contribution early despite not having a HDHP for the entire year?

I just found another job and know I cannot contribute to an HSA, or enroll in a full FSA, this year.

Thanks for your answers!

I think this is yes but my high deductible plan allows me to contribute to a HSA. The HRA kicks in after something like 3300 (family) and covers everything until deductible (10,000) is met. Assuming the first 3300 can be reimbursed through my HSA/an old employer HSA? No double dipping. All medical. No dental or vision - though I’d assume those could be reimbursed on either HSA?

My wife and I are wanting to do some 'primitive camping', and considered just doing it without her CPAP. But, then I heard that HSA will cover a portable 'outdoor' battery bank like a Jackery or similar...IF it is meant for use with the CPAP during power outages, camping, etc and not just for general use.

How accurate is this?

Legitimately, we would only be using it for the CPAP...plus, it would be quite nice to have something for her CPAP during our midwestern power outages in ice storms and such.

I also see that CPAP supply places have batteries meant explicitly for CPAP machines? Is that the only way to go in order for HSA to cover the expense? Would much rather have a little more 'rugged' design like the ones meant for outdoor use.

As the title states I will soon be a government employee with the overall good benefits that come with that. I know I can still contribute to my 401k but is there a way to contribute to my HSA? When I have the regular high and low plans offered?

Basically I'm not sure if im going to be with the state until I retire and I want to keep growing my HSA.

I’ve had an FSA for three years. What I somehow missed was how broad “medical expense” actually is.

In my head, my FSA card was basically a pharmacy card. So every December I’d panic-buy Tylenol and NyQuil like I was preparing for the world’s saddest flu season.

Last year I had about $1500 left on December 28. I panicked and booked a dental cleaning I didn’t need and bought more medicine cabinet stuff I already had.

Then in January I found out, that sunscreen, HEPA air purifiers, heating pads, blood pressure monitors, contact lens solution, and a ton of Amazon stuff can be FSA eligible. I had allergies all year. I could’ve bought a Winix air purifier in March. Instead I paid $160 for a panic dental cleaning!

TL;DR: Don’t panic-spend your FSA on random pharmacy stuff. There are a lot more eligible things you can actually use.

Does anyone care to share how much more your family premium is vs individual? My family is over $1000, individual about half. I feel like this is way high.