| Author | Message | ||
Nservicebus Junior Artist Username: Nservicebus Post Number: 150 Registered: 03-2017 Posted From: 96.3.128.196 Rating: N/A |
Annayi bill initial ga 7k vachindi inka pending ledu anukoni hsa dwara pay chesa..taruvatha vadu inko1300 pampadu bill. Adi cc dwara pay chesthunna. So hsa include cheyakunda ippudu motham amount sal lo 10% dati the file cheyachha | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7432 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
of course it's double dipping and also, it's not illegal | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 8649 Registered: 04-2015 Posted From: 166.137.244.113 Rating: N/A |
I am not saying it is or know about it. From common sense point, it is double dipping. Your gross is 110k. AGI was 99k as 11k HSA was not included and only 99k was taxed. Ideally if you have 10k or more beyond HSA expenses, then deduction is claimable. However if you don't use HSA and pay 10k from pocket, it makes sense to claim deduction. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7431 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
vunkle, here's a scenario 1 guy has 20k on HSA, 90k AGI. if his medical bill is 11k, he can pay 11k from hsa and get 2k in medical deductions right? It's perfectly legal as I don't see any language restricting hsa's | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 8647 Registered: 04-2015 Posted From: 166.137.244.113 Rating: N/A |
What is this deductible? Is it you pay all initial costs till limit is reached or your total amount of co payment? Our plan has no deductibles as such but pay co payments of 30/40/50 when goes to doctor. Almost 7k premiums kattaka inka deductibles enduku the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Jai_ycp Side Hero Username: Jai_ycp Post Number: 8646 Registered: 04-2015 Posted From: 166.137.244.113 Rating: N/A |
You are double dipping. AGI should not include your HSA so gave tax benefit. Of the AGi, if your medical expenses are more than 10%, you get some deduction. If it is loop hole, go for it. the story of YCP and TDP in 2014 (AP)- http://goo.gl/zgrYmQ http://goo.gl/gn6XL5 the story of TDP in 2014 (T) - http://goo.gl/nyu1Wu | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7428 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
No, Insurance premiums are not tax deductible (any kind of insurance) regarding deduction, the rule doesn't say it's limited to HSA, so you can take either way. Another point with HSA is, the money you put was already tax free (pre-tax income), and you got a tax benefit | ||
Nservicebus Junior Artist Username: Nservicebus Post Number: 149 Registered: 03-2017 Posted From: 96.3.128.196 Rating: N/A |
Ha a 10% kooda hsa nundi kakunda or including na artham kaledu. Suppose If I pay 70% from hsa account and rest from cc can we include all the amount IOR we have to choose hsa or cc?? One more is can I include my life term insurance amount also in tax returns | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7427 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
interesting, ippude rule choosa, it says you can deduct the amount that exceeds 10% of your AGI. nee AGI 80k aite (after standard deduction), 500$ deduction teeskovachu. 90k AGI unte, you will not get a medical deduction | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 3032 Registered: 06-2013 Posted From: 76.31.114.171 Rating: N/A |
If you look at the math, Premiums HSA = 3 to 6 times premiums for non HSA plan. If you, hd and kids are generally healthy, HSA better option. I too have HSA plan as math justified the end out of the pocket expected expenses. Regular doctor visits cost about 100 per visit. Family ki 12 visits ki 1200 anukunte, hsa premiums+deductible were still less than premiums + 12 copays. Estimate your # of visits, 1 urgent care visit, 1 emergency visit and see what your bottom line expenses are. Then pick your plan. My gut feel is that HSA would be good enough for you | ||
Nservicebus Junior Artist Username: Nservicebus Post Number: 148 Registered: 03-2017 Posted From: 96.3.128.196 Rating: N/A |
Employeer regular PPO nundi hsa ki marchadu..10k deduction ettadu. Preg bill 8.5k vachindi... nenu 6700 pay from hsa and other money from credit card. Tax returns lo nenu only hsa pettala or 10% of gross salary aithe total amount pettaccha including hsa?? | ||
Harrytej Comedian Username: Harrytej Post Number: 1121 Registered: 03-2015 Posted From: 47.220.185.28 Rating: N/A |
and i hit the max deductibles for all of 5000(2014)+5200(2015)+5600(2016) ==16k | ||
Harrytej Comedian Username: Harrytej Post Number: 1120 Registered: 03-2015 Posted From: 47.220.185.28 Rating: N/A |
maaku pedda difference ledu..HSA/high deductible plan option ye better unde na case lo...atleast i was saving money...140$ per month unde insurance..lekunda ante 700 daaka ayyedi month ki with copay option... | ||
Stalker Junior Artist Username: Stalker Post Number: 863 Registered: 08-2012 Posted From: 146.115.183.199 Rating: N/A |
shame to shame naaku elective undi office lo health insurance...retri oka beer esi with HSA select chesi dobbaa.. basical ga naaku without HSA correstu as these days I am not feeling wellu...but bokkale ani less premium ki kakkurhi padi with HSA select chesukunna...soodddari | ||
Rasputin Megastar Username: Rasputin Post Number: 21185 Registered: 02-2008 Posted From: 104.139.86.253 Rating: N/A |
Rocks, if you are expecting kids, go with non HSA option. If not, go with HSA. In your case, with premiums, deductibles, max out of pocket comparisons, the only thing that seems to matter is deductible. Also find out if deductible is "per individual" in your non-hsa plan. For hsa plans, even if your wife had all the expenses you still have to hit family deductible 6k. For some non-hsa plans, if your wife exceeds 1.5k, then insurance kicks in. 01/06/2012 - 169.4; 8/1/2013 - 182; 9/23/2016 - 185.8 | ||
Time_pass Side Hero Username: Time_pass Post Number: 9448 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
Take HSA plan and also put some money into it You will save on Taxes also | ||
Jaguar Junior Artist Username: Jaguar Post Number: 107 Registered: 01-2017 Posted From: 12.180.115.102 Rating: N/A |
Employers PPO eppudo lepesaru kada for new employees? Eventual ga employers will push all medical expenses onto employees....Put some 6K pretax into HSA account every year..worst case lo you will end up paying 20K of your yearly gross to medical expenses...good case lo accumulate 6K to HSA pool.. | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7392 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
5 years ago, maa wife ki 330$/bi weekly paycheck charge chesevallu. But pregnancy was 100% covered, we paid 0. oka 1 year after, hospital vadu oka bill esadu, 30 minutes on the phone and it was resolved, even though she quit the company and didn't have that plan anymore ippudu nenu kadatanu anna, alanti plan ekkada ledu  | ||
Lichtenberg Side Hero Username: Lichtenberg Post Number: 2085 Registered: 08-2013 Posted From: 192.76.82.90 Rating: N/A |
yes......areyyy obama gaa | ||
Analog Side Hero Username: Analog Post Number: 4659 Registered: 05-2008 Posted From: 207.43.172.140 Rating: N/A |
bi weekly aa  | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74368 Registered: 04-2009 Posted From: 166.137.10.127 Rating: N/A |
kids r fully covered, only for spouse, we have to pay $100 more without hsa | ||
Uppu Hero Username: Uppu Post Number: 10481 Registered: 11-2007 Posted From: 8.21.68.241 Rating: N/A |
no serious health issues and pregnancy leka pote , go for HSA plan. | ||
Analog Side Hero Username: Analog Post Number: 4658 Registered: 05-2008 Posted From: 207.43.172.140 Rating: N/A |
20K is family limit ..6K individual... | ||
Lichtenberg Side Hero Username: Lichtenberg Post Number: 2084 Registered: 08-2013 Posted From: 192.76.82.90 Rating: N/A |
5k deductible ikkada. premium 330 per paycheck.......areeeyyy obama gaa naaku idanthaa confusing gaa undi. 6k/20k lo what is 20k? | ||
Andhrawala Legend Username: Andhrawala Post Number: 58652 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
employer contribution lekapothe u need to see when u plan for kids. aa year non-HSA ki vellu prathutaaniki got for HSA. savings 1200 and inko 1500 or so which u may spend with regular plan ni HSA lo vesuko. Unused anyway next year vaadukocchu No Signature | ||
Uppu Hero Username: Uppu Post Number: 10480 Registered: 11-2007 Posted From: 8.21.68.241 Rating: N/A |
Yearly check up has no deduction. any oother visit will fall into deduction. it is same for both plans | ||
Analog Side Hero Username: Analog Post Number: 4657 Registered: 05-2008 Posted From: 207.43.172.140 Rating: N/A |
I think HSA teesukotam better...even though deductible is high we pay bills from HSA account which is pre tax | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74367 Registered: 04-2009 Posted From: 166.137.10.127 Rating: N/A |
employer contribution emi ledu prastutaniki | ||
Analog Side Hero Username: Analog Post Number: 4656 Registered: 05-2008 Posted From: 207.43.172.140 Rating: N/A |
nope both are yearly limit 6K deductible ante we have to pay for the lab tests and medical exams until we reach this limit(ofcourse all these bills are after applying discounted rates , these are different for each insurance provider)....after meeting deductible usually 10-20% bills manam pay chestham...once we reach out of pocket maximum...all the bills are taken care by insurance provider 6K deductible is too high..1500/2000 range lo chuskunte better | ||
Uppu Hero Username: Uppu Post Number: 10479 Registered: 11-2007 Posted From: 8.21.68.241 Rating: N/A |
HSA is for life time, if you do not use now, you can use it in future also. if you are helathy no complication, go for HSA plan. Non HSA plans will have FSA, but FSA you need to use in same year , other wise , you will loose all the money. HSA you can use when you are not in HSA plan also | ||
Andhrawala Legend Username: Andhrawala Post Number: 58650 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
so u save $1200 in premium which covers part of ur 6K deductible Company vaadi contribution entha to ur HSA pool. Just as u save premium of 1200 per year, company also saves money if u take HSA and so they give some 1000 to u. No Signature | ||
Rebel Hero Username: Rebel Post Number: 15838 Registered: 02-2008 Posted From: 159.45.186.44 Rating: N/A |
take one with HSA | ||
Lichtenberg Side Hero Username: Lichtenberg Post Number: 2082 Registered: 08-2013 Posted From: 192.76.82.90 Rating: N/A |
6K/20K - Family Out of pocket In-Network/Out of Network 10K/40K - Family confusing gaa undi. Pai renditki diff endi? 6k is deductible, 20k is max OOP anukunnaa. What is OOP 10k.40k? Lifetime? | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74364 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Employer plans | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74363 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Without HSA plan lo office visit and emergency services ki co pay vundi....HSA plan lo deductible | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 3023 Registered: 06-2013 Posted From: 70.196.83.245 Rating: N/A |
Premium difference cheppaledu. Are these employer plans or self shopped? Without HSA plan lo regular doctor visits part of deductible aa leka fully deductible aa? Premium+deductible edi takkuva unte Adi. | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74362 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
2017-18. employer not giving option for 2nd one | ||
Lichtenberg Side Hero Username: Lichtenberg Post Number: 2081 Registered: 08-2013 Posted From: 192.76.82.90 Rating: N/A |
ntr_rocks, is this for 2016 or 2017? I think it is eligible https://www.irs.gov/publications/p969/ar02.html The following table shows the minimum annual deductible and maximum annual deductible and other out-of-pocket expenses for HDHPs for 2017. Self-only coverage Family coverage Minimum annual deductible $1,300 $2,600 Maximum annual deductible and other out-of-pocket expenses* $6,550 $13,100 * This limit doesn’t apply to deductibles and expenses for out-of-network services if the plan uses a network of providers. Instead, only deductibles and out-of-pocket expenses for services within the network should be used to figure whether the limit applies. | ||
Atta_boy Hero Username: Atta_boy Post Number: 14156 Registered: 02-2014 Posted From: 107.77.104.115 Rating: N/A |
Out of pocket ante co insurance term ... different from out of network I think once you control the man inside of you, the one across from you doesn't really matter. | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74360 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Yes, anyway, I think 2nd plan is not eligible for HSA based on deductibles. Am I wrong ? | ||
Lichtenberg Side Hero Username: Lichtenberg Post Number: 2079 Registered: 08-2013 Posted From: 192.76.82.90 Rating: N/A |
Why is the second plan not eligible for HSA? Is it that your company not giving option? If the family deductible is more than 2.6 k/OOP 13.1 k kante ekkuva unte HSA eligible | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74358 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Out of network ki kada 18K....In Network chudu, pedda diff ledu | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 7385 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
I'm not an expert, but deductible gap with/without HSA is too big. Still, 18k max out of pocket, emanna dopidi plan aa idi | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74356 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
Without HSA aithe Montly insurance $100 ekkuva... | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 74355 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
I have 2 options - with HSA and without HSA With HSA: Deductible In-Network/Out of Network 3K/10K - Individual 6K/20K - Family Coinsurance - 70%/50% Out of pocket In-Network/Out of Network 5K/20K - Individual 10K/40K - Family Without HSA: Deductible In-Network/Out of Network 1.5K/3K - Individual 3K/6K - Family Coinsurance - 80%/50% Out of pocket In-Network/Out of Network 4.5K/9K - Individual 9K/18K - Family Which is better ? HSA tesukovatam better aa kada ? oka vela tesukunte entha pettadam better antar.. (Message edited by kingjames on April 07, 2017) |