Nine years ago I started working for Fed gov, during orientation, HR asked what health coverage, I told them HSA, they thought I was asking for a flex account, they hadn't heard of a HSA. I'm single and my HSA is great for me with no health problems. I can trade stocks in my HSA, have the LEX for dental and vision claims. Tax season 2022 started payroll HSA deductios and saving on payroll tax. HSA is one of the best benefits I have.
Agree. I just started using one and most of my coworkers hadn’t heard of it either. Hopefully it’ll gain popularity as more people learn about it. Especially younger employees.
Way back when it started, been maxing out HSA with a Schwab HSBA for investing along with the TSP. HSA basically becomes another "TSP" when you turn 65 on top of still being tax free for medical.
When you and the federal employer are saving on FICA taxes because you have an FSA plan, would this negatively impact social security or medicare benefits when one retires? This could result in a lower social security monthly payment? I am assuming the savings of an FSA outweigh even if I'm in the lower federal tax bracket of 12 percent?
Hey haws, you said you can invest the $, what kind of return are we looking at? It's not like I can drop it into my tsp/c fund, correct? Or is the return % just better than a regular bank's interest?
Hi, can you explain survivor benefits for none specifically for none spouses I'm single USPS worker with 38 years in I'm going to retire in 2025, when I reach age 62. Can I use my daughter as a survivor so she can get my benefits once I pass away??? Thank you
Thinking of contibuting to FSA next year, since forgot to this year. If i retire after 4 months, can i use the funds i contributed already prior to retirement?
Is BlueCrossBlueSheild Basic considered a high deductible plan?
No it is not a high deductible plan
Nine years ago I started working for Fed gov, during orientation, HR asked what health coverage, I told them HSA, they thought I was asking for a flex account, they hadn't heard of a HSA.
I'm single and my HSA is great for me with no health problems. I can trade stocks in my HSA, have the LEX for dental and vision claims. Tax season 2022 started payroll HSA deductios and saving on payroll tax.
HSA is one of the best benefits I have.
Agree. I just started using one and most of my coworkers hadn’t heard of it either. Hopefully it’ll gain popularity as more people learn about it. Especially younger employees.
My first year trying the HSA w/a limited FSA. Decided to get an additional HSA account outside the Agency to stash my extra contributions.
I'm also a Fed with the DOI. Does the government contribute to the account like the match with TSP?
Way back when it started, been maxing out HSA with a Schwab HSBA for investing along with the TSP. HSA basically becomes another "TSP" when you turn 65 on top of still being tax free for medical.
When you and the federal employer are saving on FICA taxes because you have an FSA plan, would this negatively impact social security or medicare benefits when one retires? This could result in a lower social security monthly payment? I am assuming the savings of an FSA outweigh even if I'm in the lower federal tax bracket of 12 percent?
Hey haws, you said you can invest the $, what kind of return are we looking at? It's not like I can drop it into my tsp/c fund, correct? Or is the return % just better than a regular bank's interest?
Where do you find HSA program? It is not on benefeds or fsafeds website
What is the point of adding on the LEXFSA if I’m already getting the triple tax be if it from the HSA?
Less income tax I believe
Hi, can you explain survivor benefits for none specifically for none spouses I'm single USPS worker with 38 years in I'm going to retire in 2025, when I reach age 62. Can I use my daughter as a survivor so she can get my benefits once I pass away??? Thank you
here is some info about this: www.opm.gov/support/retirement/faq/survivor-benefits/
Why wait to retire ? you do you , but many people can retire at 58 ish with a immediate pension
Who says , what is plan is a ( qualified) high deductible to make a hsh work ? Thank you you're awesome by the way
My pleasure, Have a great day!
Thinking of contibuting to FSA next year, since forgot to this year. If i retire after 4 months, can i use the funds i contributed already prior to retirement?
You can use the funds up until retirement
If you change plans after years of having an HSA do you lose that money?
No, An HSA is portable.