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M*: It's Open Enrollment Season. Have You Taken A Good Look At An HSA?

TedTed
in Fund Discussions
FYI: For high-income investors who are maxing out other tax-sheltered accounts, the high-deductible healthcare plan/HSA combo is close to a no-brainer.
Regards,
Ted
https://www.morningstar.com/articles/777025/its-open-enrollment-season-have-you-taken-a-good-look-at-an-hsa

Comments

  • Gary
    This article originally appeared on October 31, 2016.
  • msf
    The data have been updated to 2020, e.g.:
    For 2019, plans with annual deductibles of at least $1,350 for individuals and $2,700 for families are classified as high-deductible; for 2020, those numbers inch up to $1,400 and $2,800.
    Not only the data, but links as well, e.g. the KFF link in:
    Thirty percent of workers were covered by a HDHP in 2019, according to data from the Kaiser Family Foundation; in 2014 20% of workers were covered by an HDHP.
  • MikeMMikeM
    The best "retirement" account available if used correctly, IMHO. Tax free money in and tax free out. Using correctly for retirement would mean to let it build, don't use it for medical expenses until retirement. I believe you can even pay your Medicare premiums with it.
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