mattflipper
Lil-Rokslider
- Joined
- Jan 7, 2021
- Messages
- 103
We did the HSA and HDHP deal for a few years and it was a near breakeven a couple years had I been in a traditional plan and then the gamble didn’t pay off a couple of years. Not in a big way but I was definitely in the red. We were generally a healthy family of 4 then my daughter ends up with a seizure disorder and some other serious complications within the four of us. Now we have the plan with the best coverage that the state offers (my wife is a state employee). The good thing about insurance is that you get to play a new hand each year and swap up plans so at worst.
From a wealth perspective, it’s a good idea to fund the HSA, invest it, not use it, and pay for healthcare costs out of pocket. This is if you are already fully funding other plans this is a supplemental retirement plan. So long as you take it out after 65 you can use it to cover Medicare or take it out penalty free.
From a wealth perspective, it’s a good idea to fund the HSA, invest it, not use it, and pay for healthcare costs out of pocket. This is if you are already fully funding other plans this is a supplemental retirement plan. So long as you take it out after 65 you can use it to cover Medicare or take it out penalty free.
