[Hidden-tech] Looking for answers to health savings account questions

[Andy Klapper]

Does anybody know of a resource I can talk to about health savings accounts?
The bank is unwilling or unable to answer any questions and my situation is
not vanilla but probably not that unusual either.

 

Background - health savings accounts allow you to save money tax free for
medical expenses.  Unlike a FLEX spending plan money saved in a health
savings account can be rolled over year after year.  

 

Normally a self-employed person like myself would get a cheap large
deductible healthcare plan and couple that with a health savings account to
cover things like flu shots and doctor's visits.  

 

I already have insurance through my wife however but her plan doesn't
provide health savings accounts only FLEX spending plans.  My main reason
for wanting such an account is because I'm thinking about some elective
medical expenses next year but will not have a dollar figure before my wife
has to lock in her FLEX amount.  Given that FLEX plans are use it or lose it
setting it too high means lots of contacts and glasses at the end of the
year to burn through left over money and setting it too low is a loss of tax
savings.

 

I am hoping that I can set up a health savings plan in January when I do
know the amount.  There are many questions that I need answered and I'd
rather not get an accountant for a questions that could be a simple, yes I
can or no I cannot.  In fact I'm hoping that some resource for the
self-employed, government or private, will be able to help me determine what
is and what is not possible. 

 

So has anybody else been in my situation before or know of somebody I can
call to get a couple of questions answered?

 

 

Andy.

 

 

 

Andy Klapper

Asgard Technology Group, LLC

Making Complex Software Simple

High Speed Multi-Threading Specialists

5 Anna Marie Lane

East Longmeadow, MA 01028

 <mailto:Andy at Asgard-Tech.com> Andy at Asgard-Tech.com

(860) 805-1189 (cell)

 

 

 

 

 

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