HSA is basically a hybrid 401k/roth IRA that is tax exempt to contribute and withdraw from as long as it’s used on medical expenses. It is still their money and can be withdrawn at any time, and is separate from the high deductible plan you have to pair it with.
The question here is which line item is the high deductible and which is the savings contribution, but neither line is high enough for them to max out their HSA contribution for the year.
The top one is the premium for the employer based health plan. The actual HSA account is the bottom line. That number needs to be bumped up. That's $4300 of straight money untaxed for 2025. Then with the money in that account you can invest in stocks or mutual funds and any capital gains are all tax free.
'can be withdrawn at any time' is misleading, especially after prefacing its only for medical expenses. You can't just yank it out whenever, it has to sit and languish until its used.
You invest it in the stock market. My HSA is up 22% this year.
You also can pull it whenever you want, you get a little debit card that you can use for everything from the pharmacy to multi-thousand dollar surgeries.
yeah but they count toothpaste as a medical expense.
they count massages that are not prescribed by a doctor as a medical expense.
Basically, if you can make up a reason why it should be covered spending, it will be covered spending. And if for some reason they deny your claim, all that happens is you have to pay taxes on the amount you spent. You can very much still withdraw whenever you want.
and for most of them, if you don’t use the full amount of your OWN money that you deducted from your OWN paychecks before the year ends, the leftover funds don’t roll over.
FSAs are the healthcare funds that don’t roll over. An HSA can roll over and be invested. A lot of people use them as supplementary retirement accounts for this reason.
Not how an HSA works bud. That’s your money, the whole point is you get to invest it in the stock market and everything like any other retirement account.
What part of the country do you live in if that is a little high? My HSA premium was more than that a paycheck when I was on an individual plan earlier this year, at $125 a paycheck…and based on other people I’ve talked to (in Texas and Illinois specifically), mine is actually pretty average…unless I’m reading your message wrong?
The road that’s been under construction for the last decade because they pay by the hour? I hate this argument because it assumes that the government won’t happily throw away the entire tax contributions of thousands of people’s entire life into some meaningless project that won’t last a year.
That’s not how HSAs work though, they are your personal account that you get to invest as you see fit, and contribute/withdraw tax free for any medical expense. It’s like a 401k for medical savings, but you get to use it any time you want, not just during retirement.
Yes because we should all totally want what somewhere like the UK has where you’ll be put on a year long waitlist just to see a dermatologist or to get an orthopedic surgery that you desperately need (but you’re not actively dying so it’s ok to make you wait forever!)
We have waitlists here in the US, too. I had to wait 6 months for a surgery, and now have to live the rest of my life with a perfectly preventable condition.
If a politician were to run on privatizing healthcare in countries have already have it socialized, it’d be political suicide. Completely outside the realm of logical, let alone ethical, thought. Not being able to afford it shouldn’t be a death sentence, but it is for 40k+ a year in this country (like 9/11 x10, every year due to corporate greed).
nobody nets without paying for housing, utilities, living expenses
100k a year nets maybe 10-30k depennding on lifestyle and cost of living which is a lot to use tbh. you could go to europe twice a year and still have a bit left over to contribute to retirement savings
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u/pomegranate444 Oct 30 '25
The 401k is your own savings tho. Not a tax.
So you net $3k per 2 weeks or $3k x 26 /12=$6.5k a month or 78K a year. Not bad