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Health Savings Account

Chalanachithram.com DB » New TF Industry Related » Archive through December 06, 2019 » Health Savings Account « Previous Next »
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Saint
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Username: Saint

Post Number: 78385
Registered: 01-2011
Posted From: 67.11.88.8

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Posted on Wednesday, December 04, 2019 - 09:55 pm:       

HSA vunna vallaki limited FSA. It can be used after deductible is met. Otherwise only dental n vision.
Dependent care FSA is different. Kid care etc 5500 varaku contribute chesi reimburse chesukovachu. Condition both has to work or second person shud be searching for job. High salaries vallak koddiga ekkuva chesukovachu

Medical FSA brokka the hole.

FSA carry over Only 500, HSA carry over for life
 

Hero
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Username: Hero

Post Number: 14616
Registered: 09-2009
Posted From: 174.218.147.44

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Posted on Wednesday, December 04, 2019 - 07:08 pm:       


Sasibabu:

gwat it ?




Employer fsa lo ki contribute etta chesad
 

Sasibabu
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Username: Sasibabu

Post Number: 68527
Registered: 11-2009
Posted From: 45.20.143.145

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Posted on Wednesday, December 04, 2019 - 05:39 pm:       


Sasibabu:

gwat it ?


ilaa 2 years .. naa dharidhram yentante appudu maa employer ki appudu job search kosam create chesina email account ichaa ...fsa deadline lopu claim chesuko I’d ane emails dhaaniki vellevi .. Nenu aa email account assalu open cheyaledhu ... tharuvatha eppudo open chese time ki all deadlines gone
 

Sasibabu
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Username: Sasibabu

Post Number: 68526
Registered: 11-2009
Posted From: 166.137.125.119

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Posted on Wednesday, December 04, 2019 - 04:46 pm:       


Hero:


gwat it ?
 

Ysr2009
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Username: Ysr2009

Post Number: 7035
Registered: 03-2014
Posted From: 129.135.1.213

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Posted on Wednesday, December 04, 2019 - 04:23 pm:       

>> ...employer change ayuna aa acounts attane untaayi...you can use the amount without any issues..

Money left unused in your FSA goes to your employer after you quit or lose your job unless you are eligible for and choose COBRA continuation coverage of your FSA.
 

Sasibabu
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Username: Sasibabu

Post Number: 68525
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Posted From: 166.137.125.119

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Posted on Wednesday, December 04, 2019 - 04:22 pm:       


Hero:


https://imgur.com/gallery/GDnNXes
 

Naaistam
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Username: Naaistam

Post Number: 3159
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Posted on Wednesday, December 04, 2019 - 04:19 pm:       


Xxx:


ee hsa lu fsa lu external payflex lanti tax advantaged accounts lo pedataaru...employer change ayuna aa acounts attane untaayi...you can use the amount without any issues..
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Xxx
Hero
Username: Xxx

Post Number: 18976
Registered: 04-2009
Posted From: 149.168.132.16

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Posted on Wednesday, December 04, 2019 - 04:16 pm:       


:

Mikkymouse




if we change the job will HSA move with us?
-
 

Xxx
Hero
Username: Xxx

Post Number: 18975
Registered: 04-2009
Posted From: 149.168.132.16

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Posted on Wednesday, December 04, 2019 - 04:15 pm:       


Mikkymouse:

type lo hate marriage




If we change the job , will it matter ?
-
 

Gatti_gunde
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Username: Gatti_gunde

Post Number: 26855
Registered: 02-2010
Posted From: 52.20.26.200

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Posted on Wednesday, December 04, 2019 - 04:13 pm:       


Sasibabu:


oka 50-60k untaaya meeru ettukunna bokkalu ippativaraku :D
 

Maverick
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Username: Maverick

Post Number: 76941
Registered: 01-2008
Posted From: 165.225.50.173

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Posted on Wednesday, December 04, 2019 - 04:13 pm:       


Hero:



There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Naaistam
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Username: Naaistam

Post Number: 3158
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Posted From: 12.154.151.83

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Posted on Wednesday, December 04, 2019 - 04:13 pm:       


Hero:


extra money direct ga ivvakunda ila ichi untaaru hai...
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Hero
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Username: Hero

Post Number: 14615
Registered: 09-2009
Posted From: 38.101.193.194

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Posted on Wednesday, December 04, 2019 - 04:11 pm:       


Sasibabu:

employer contribution kooda add cheyinchaa andhulo




 

Naaistam
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Username: Naaistam

Post Number: 3155
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Posted on Wednesday, December 04, 2019 - 04:02 pm:       


Mikkymouse:



- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Mikkymouse
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Username: Mikkymouse

Post Number: 14267
Registered: 04-2008
Posted From: 70.191.59.106

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Posted on Wednesday, December 04, 2019 - 04:01 pm:       

hatred alaane undandi, adhi podhu ee katte ala kaalalsinde >>>>

Mari single ante enduku aa look? Hindi serials type lo hate marriage emanna ayyinda :P
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Ysr2009
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Username: Ysr2009

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Posted on Wednesday, December 04, 2019 - 03:55 pm:       

>> Btw dependent care (even day care expenses kattachu ga limit $5k) FSA account theesukovacha HSA account unte?

yup.. HSA vunnaa, dependent care FSA theesukobacchu.. no issues..
 

Ramjirao
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Username: Ramjirao

Post Number: 7675
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Posted on Wednesday, December 04, 2019 - 03:55 pm:       


Mickymouse:

Btw dependent care (even day care expenses kattachu ga limit $5k) FSA account theesukovacha HSA account unte?





Mikky gaaru

yes daycare going kids vunte theesukocchu


BTW that amount can be used for old parents care tooo (nursing/retirement home fees)


But as u said Naaistam kurrodu being single he cant use it
 

Naaistam
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Username: Naaistam

Post Number: 3152
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Posted From: 12.154.151.85

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Posted on Wednesday, December 04, 2019 - 03:55 pm:       


Mikkymouse:


hatred alaane undandi, adhi podhu ee katte ala kaalalsinde
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Sasibabu
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Username: Sasibabu

Post Number: 68522
Registered: 11-2009
Posted From: 104.129.206.130

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Posted on Wednesday, December 04, 2019 - 03:55 pm:       


Ysr2009:


Yedho vundhi raajan....employer contribution kooda add cheyinchaa andhulo ..... 2014 naati sangathi...sarigga gurthu ledhu....but the amount is huge
 

Mikkymouse
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Username: Mikkymouse

Post Number: 14266
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Posted on Wednesday, December 04, 2019 - 03:54 pm:       

Naaistam,

Enti aa look, ee madya DB ki raka news emanna miss ayyana? Ammayila gatred poyi oka intivadivi ayyava?
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Mikkymouse
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Username: Mikkymouse

Post Number: 14265
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Posted on Wednesday, December 04, 2019 - 03:53 pm:       

If you contribute to HSA, Limited Purpose FSA money can be used only for dental or vision expenses...>>

Oh health care FSA ayithe theesukokoodadu already HSA account unte ani telusu, Btw dependent care (even day care expenses kattachu ga limit $5k) FSA account theesukovacha HSA account unte?
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Naaistam
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Username: Naaistam

Post Number: 3151
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Posted From: 12.154.151.81

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Posted on Wednesday, December 04, 2019 - 03:52 pm:       


Mikkymouse:

meeru single kabatti



- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Mikkymouse
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Username: Mikkymouse

Post Number: 14264
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Posted on Wednesday, December 04, 2019 - 03:50 pm:       

premiums hsa account lo vestaara? maakatta ledu mari..interesting>>>

Naaistam,

Kadu health insurance kosam monthly nee paychecks nundi kattedi premium ante. HSA lo account lo meeru contribute chesedi(meeru single kabatti 3550-1000=2550) and mee company iche $1000 vestaru.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Maverick
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Username: Maverick

Post Number: 76940
Registered: 01-2008
Posted From: 165.225.50.173

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Posted on Wednesday, December 04, 2019 - 03:48 pm:       


Ysr2009:

endivayyaa comedy setthannaav.. IRS limit for FSA contributions in 2020 is $2,750.. you can't add more than that..


db lo ala vadultoo untaru..vini navvukovatame
There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Naaistam
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Username: Naaistam

Post Number: 3150
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Posted on Wednesday, December 04, 2019 - 03:48 pm:       


Ysr2009:

endivayyaa comedy setthannaav.. IRS limit for FSA contributions in 2020 is $2,750.. you can't add more than that..


employer tho cheyunchi untaadu boob baa..

Employer contributions, on the other hand, are subject to more regulations. It is important to keep in mind that employer contributions usually do not count towards an employee’s FSA contribution limit.
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Naaistam
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Username: Naaistam

Post Number: 3149
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Posted on Wednesday, December 04, 2019 - 03:47 pm:       


Ramjirao:

FSA Healthcare lo company contribution emi vundadhu

But if you can elect max of $5K towards FSA and that amount can be used in month 1 itself and it will be adjusted from final paycheck if you leave before end of the year



thats not true annai..maa paathodu equal contribution chesetodu..
but if you dont use it in the year, that amount goes back to the employer fund

The FSA employer contribution rules are straightforward. Overall, employees, employers, or a combination of the two can contribute to an employee’s FSA account. The only guideline for employees is that they don’t exceed the contribution limit.
zenefits.com/workest/fsa-employer-contribution-rules/
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Ysr2009
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Username: Ysr2009

Post Number: 7033
Registered: 03-2014
Posted From: 129.135.1.213

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Posted on Wednesday, December 04, 2019 - 03:46 pm:       

>> yeah extra contribution chesa dharidhram nethi meedha dance aadi

endivayyaa comedy setthannaav.. IRS limit for FSA contributions in 2020 is $2,750.. you can't add more than that..
 

Ramjirao
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Username: Ramjirao

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Posted on Wednesday, December 04, 2019 - 03:43 pm:       


Naaistam:

keka company dabbulu vadesukovachu...mid-year lo company vadilesi vellipoyuna company contribution amount return ivvalsina paniledu..





FSA Healthcare lo company contribution emi vundadhu

But if you can elect max of $5K towards FSA and that amount can be used in month 1 itself and it will be adjusted from final paycheck if you leave before end of the year



FSA childcare lo you will get reimbursement only for the amounts already deducted from the paycheck
 

Sasibabu
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Username: Sasibabu

Post Number: 68521
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Posted From: 104.129.206.130

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Posted on Wednesday, December 04, 2019 - 03:41 pm:       


Ysr2009:

FSA lo.. one year lo.. 10K..


yeah extra contribution chesa dharidhram nethi meedha dance aadi
 

Maverick
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Username: Maverick

Post Number: 76939
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Posted on Wednesday, December 04, 2019 - 03:34 pm:       


Hero:



There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Naaistam
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Username: Naaistam

Post Number: 3145
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Posted on Wednesday, December 04, 2019 - 03:33 pm:       


Sasibabu:



Hero:


:D
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Naaistam
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Username: Naaistam

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Posted on Wednesday, December 04, 2019 - 03:32 pm:       


Maverick:

i dont do fsa anduke.easy to forget. my odarp to u



daaniki thodu dental and vision matrame...year end lo dental and vision appointments dorakavu...last varaku vaadukokapothe goopa guyyi mantaadi...

FSA oka chota help avuddi edanna immediate ga chesukovalsina pedda oral/vision medical expense unte...keka company dabbulu vadesukovachu...mid-year lo company vadilesi vellipoyuna company contribution amount return ivvalsina paniledu..
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Hero
Hero
Username: Hero

Post Number: 14614
Registered: 09-2009
Posted From: 38.101.193.194

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Posted on Wednesday, December 04, 2019 - 03:30 pm:       


Naaistam:

.last lo panic ayyi aa amount ki online lo evo FSA related items




 

Ysr2009
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Username: Ysr2009

Post Number: 7032
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Posted From: 129.135.1.213

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Posted on Wednesday, December 04, 2019 - 03:30 pm:       

>> one year lo 10K dobbayi alaa

FSA lo.. one year lo.. 10K..

 

Sasibabu
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Username: Sasibabu

Post Number: 68520
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Posted From: 104.129.206.130

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Posted on Wednesday, December 04, 2019 - 03:28 pm:       


Naaistam:


same here...one year lo 10K dobbayi alaa...... andhuke inkeppudu fsa joliki poledhu...but HSA is good
 

Maverick
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Username: Maverick

Post Number: 76938
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Posted on Wednesday, December 04, 2019 - 03:26 pm:       


Naaistam:

anduke FSA complete ga avoid chestunna


i dont do fsa anduke.easy to forget. my odarp to u
There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Naaistam
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Username: Naaistam

Post Number: 3143
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Posted on Wednesday, December 04, 2019 - 03:25 pm:       

deenemma FSA ani...oka year mothum dobbindi..last minute varaku use chesukoledu...last lo panic ayyi aa amount ki online lo evo FSA related items koni dobbaa...some 3k worth...adi reimburse avvaledu...FSA dabbulu paaye...extraga online lo pettina dabbulu paaye

use it or lose it anduke FSA complete ga avoid chestunna...daanilo employer contribution emundadu...except little tax benefit, no other advantage..mana daabule FSA account lo esi dental/vision ki vaadukovaali..aa matram daniki bank account lo pettukotame uthamam naalanti mettodiki :D
so FSA lite teesukuning..
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Eureka
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Username: Eureka

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Posted on Wednesday, December 04, 2019 - 03:23 pm:       

@Gatti_gunde
You can try this for HSA: https://myhealth.bankofamerica.com/NewConsumerCreation.aspx

IRA: www.tdameritrade.com
 

Gatti_gunde
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Username: Gatti_gunde

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Posted on Wednesday, December 04, 2019 - 03:22 pm:       


Ysr2009:


alaane can you throw some light if I want to take a second insurance for my wife

apart from what my employer is giving to her as dependent
 

Naaistam
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Username: Naaistam

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Posted on Wednesday, December 04, 2019 - 03:22 pm:       


Ysr2009:

this year, I am contributing $7k into HSA and $2K into "limited purpose" FSA

If you contribute to HSA, Limited Purpose FSA money can be used only for dental or vision expenses



correct..
I did the same thing in my prev company..
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Abcdefghij
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Username: Abcdefghij

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Posted on Wednesday, December 04, 2019 - 03:21 pm:       

Fsa is also rollable but with limits
Mine only 500 can rollover
Maverick #66833: asalu ee modi chaiwala ante andhra lo evvadiki teliyadu..atlant vadini andhra ki tecchi...veedu indrudu..nenu chandrudu type lo hype icchi..vadini hero chesinde tdp
Post by Knf: bittter annai, welcome RS prakasam varaku madi, Prakasm nunchi UA vaaraku meeedi
 

Naaistam
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Username: Naaistam

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Posted on Wednesday, December 04, 2019 - 03:21 pm:       


Abcdefghij:

HSA plan


use chestunna but maaku max contribution intha ani specify cheyochu...daanne equal amounts lo each paycheck deduct chestaaru, thats all..

insurance premium ki emi sambandamledu...or may be I misunderstood the whole concept...malli chusta..
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Ysr2009
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Username: Ysr2009

Post Number: 7031
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Posted From: 129.135.1.213

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Posted on Wednesday, December 04, 2019 - 03:19 pm:       

>> FSA and HSA both options okarike undavu anukunta

this year, I am contributing $7k into HSA and $2K into "limited purpose" FSA

If you contribute to HSA, Limited Purpose FSA money can be used only for dental or vision expenses

HSA money will roll over to next year

FSA money use-it this year or lose-it
 

Xxx
Hero
Username: Xxx

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Posted on Wednesday, December 04, 2019 - 03:18 pm:       


Mikkymouse:

It is use it or loose it type account. With HSA you can carry forward all the amount for your and your family members medical expenses,




got it , thank you
-
 

Abcdefghij
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Posted on Wednesday, December 04, 2019 - 03:18 pm:       


Naaistam:

premiums hsa account lo vestaara? maakatta ledu mari..interesting




Normal plans ki Premium vuntadi, best plan premium kuda ekkuva vuntadi

Premium katte badulu aa premium amount + 100 or so more you need to fund your hsa account for hsa plan

First year you feel you pay little more as you will pay premium amount +100

Already mikky maverick explain chessaru if not use YouTube but use HSA plan, first year u feel u pay more but from next year it is saving if u don’t use it

Ex: first year you don’t go to doctor at all then that 7000 you can use next year without saving anything in hsa
Maverick #66833: asalu ee modi chaiwala ante andhra lo evvadiki teliyadu..atlant vadini andhra ki tecchi...veedu indrudu..nenu chandrudu type lo hype icchi..vadini hero chesinde tdp
Post by Knf: bittter annai, welcome RS prakasam varaku madi, Prakasm nunchi UA vaaraku meeedi
 

Ysr2009
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Username: Ysr2009

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Posted on Wednesday, December 04, 2019 - 03:15 pm:       

>> Amigo: why is your pocket dollars instead of hsa money?

I let my HSA investments grow at ~10%

$100 expense vunte, I pay that $100 today from my pocket.

HSA $100 will grow to $400 in 20 years..
all $400 tax-free growth and tax-free withdrawals..
 

Naaistam
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Username: Naaistam

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Posted on Wednesday, December 04, 2019 - 03:12 pm:       


Mikkymouse:

Premium ante monthly insurance ki kattedi.


premiums hsa account lo vestaara? maakatta ledu mari..interesting
- Stalker - 'S'traight talker
- Speak the truth, even if your voice shakes
- Nag fan and Janasena party supporter
 

Mikkymouse
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Username: Mikkymouse

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Posted on Wednesday, December 04, 2019 - 03:09 pm:       

deductible 7k or something >>>

Based on company's insurance policy, Maaku 2k for individual and 4k for family. no copay, but dedctable meet ayyavaraku pay cheyyali.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Mikkymouse
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Username: Mikkymouse

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Posted on Wednesday, December 04, 2019 - 03:06 pm:       

what is this and how should contractor koolie use it ....401k ke dikku ledhu eeda>>>

Gatti, Employer tho sambandam emi undi? Insurance lo two options untayi, PPO and HSA . HSA plan theesukunte neeku premium thakkuva untundi, High dedctable unna elanoo dedctable meet kamu health issues lekapothe. Nuvvu family ki $7100 contribute cheyyachu, pre tax money, eppudanna medical expenses ki vadukovachu, kind of savings and investment.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Mikkymouse
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Posted on Wednesday, December 04, 2019 - 03:00 pm:       

FSA lo company contribution complete ga start of the year lone account lo esestaadu...kavalante vaadesukovachu...use it or lose it...next year ki velladu..manam vaadani amount company account lo untaadi, they can use it for other employees..

FSA covers only dental and vision..>>>>

Ento confusing ga undi.FSA and HSA both options okarike undavu anukunta. PPO plans vallu HSA type lo use chesukodaniki create chesukuntaru naaku telisi. only dental and vision ke kadu any medical expenses ki use chesukovali, even for prescription drugs, before the end of the year. Emanna migili unte loose avutham.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Mikkymouse
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Posted on Wednesday, December 04, 2019 - 02:57 pm:       

ee premium eto ardamkaatamledu?
btw maavodu 1000 istaadu company contribution kinda per family...I have seen other companies with higher contributions, maavodu peenasi ee isyam lo >>>>

Premium ante monthly insurance ki kattedi. Maa vadu $1200 istadu, $100 per month vestadu. Most companies ilane istayi, mee vadu okkade kadu le.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Maverick
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Posted on Wednesday, December 04, 2019 - 02:55 pm:       


Gatti_gunde:


https://www.uhc.com/individual-and-family/member-resources/h ealth-care-tools/hsa-plans

many offer..sample ki
There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Gatti_gunde
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Posted on Wednesday, December 04, 2019 - 02:52 pm:       


Abcdefghij:


okay link please for that HSA plan ....ivaale enroll aipotha
 

Abcdefghij
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Posted on Wednesday, December 04, 2019 - 02:49 pm:       


Gatti_gunde:




Hsa plan
Monthly premium 0 or minimal
deductible 7k or something
When you go to doctor you have to pay tlll 7000 is your bill
After 7000 insurance will pay
Open an hsa and put 7000 which is tax deductible

Instead of paying premium to insurance company pay that to hsa account
End of the year if you use all 7000 that’s fine if not 7000 Is yours that can be used for medical
Instead of losing in premiums this is much better

I know people who have 100k in it technically don’t have to pay for next 10 years
Maverick #66833: asalu ee modi chaiwala ante andhra lo evvadiki teliyadu..atlant vadini andhra ki tecchi...veedu indrudu..nenu chandrudu type lo hype icchi..vadini hero chesinde tdp
Post by Knf: bittter annai, welcome RS prakasam varaku madi, Prakasm nunchi UA vaaraku meeedi
 

Maverick
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Posted on Wednesday, December 04, 2019 - 02:46 pm:       


Abcdefghij:

All youth from 25-45 should use hsa plans


db life lo first time nee post ki +1 istunna, enjoy
There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Maverick
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Posted on Wednesday, December 04, 2019 - 02:45 pm:       


Meghan:

if we go to hospital for flu there are charging 90 ... 130... what will i save anedia rtham kala


flu shots regular chekups lantivi emi pedda charge undav..they are included.

i am always on hsa say since 10 yrs
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Maverick
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Posted on Wednesday, December 04, 2019 - 02:43 pm:       


Naaistam:


ee premium eto ardamkaatamledu?


ante what ever is cut per month, think it as peremium u pay in ppo
There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Gatti_gunde
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Posted on Wednesday, December 04, 2019 - 02:40 pm:       


Abcdefghij:

All youth from 25-45 should use hsa plans


what is this and how should contractor koolie use it ....401k ke dikku ledhu eeda
 

Abcdefghij
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Posted on Wednesday, December 04, 2019 - 02:35 pm:       

All youth from 25-45 should use hsa plans

Bush thatha ichina varam vadukoni desi gallalo nenu okkadini just using from last couple years
Maverick #66833: asalu ee modi chaiwala ante andhra lo evvadiki teliyadu..atlant vadini andhra ki tecchi...veedu indrudu..nenu chandrudu type lo hype icchi..vadini hero chesinde tdp
Post by Knf: bittter annai, welcome RS prakasam varaku madi, Prakasm nunchi UA vaaraku meeedi
 

Meghan
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Posted on Wednesday, December 04, 2019 - 02:33 pm:       

maa vaadu 700 isthadu

deductible 6000 ayye daka motham maname kattukovali

if we go to hospital for flu there are charging 90 ... 130... what will i save anedia rtham kala
 

Naaistam
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Posted on Wednesday, December 04, 2019 - 02:31 pm:       


Mikkymouse:

No, You are talking about FSA. It is use it or loose it type account. With HSA you can carry forward all the amount for your and your family members medical expenses, even the ones who are not in your policy.



+1
ya...FSA kooda manchide if and only if immidiate dental/vision medical expense unte..
FSA lo company contribution complete ga start of the year lone account lo esestaadu...kavalante vaadesukovachu...use it or lose it...next year ki velladu..manam vaadani amount company account lo untaadi, they can use it for other employees..

FSA covers only dental and vision..
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Naaistam
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Posted on Wednesday, December 04, 2019 - 02:27 pm:       


Maverick:

premium goes to ur own account


ye premium bhayya...hsa ki premium emuntaadi..
hsa ki max amount per year untaadi...aa amount ki tax undadu...aa amount ni equal amounts ga divide chesi paycheck thru deduct chestaadu adi poyi HSA account lo untaadi which can used against any medical expense...

ee premium eto ardamkaatamledu?
btw maavodu 1000 istaadu company contribution kinda per family...I have seen other companies with higher contributions, maavodu peenasi ee isyam lo :-(
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Mikkymouse
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Posted on Wednesday, December 04, 2019 - 02:25 pm:       

If not used this money will be gone following year>>>>

XXX,

No, You are talking about FSA. It is use it or loose it type account. With HSA you can carry forward all the amount for your and your family members medical expenses, even the ones who are not in your policy.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Maverick
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Posted on Wednesday, December 04, 2019 - 02:22 pm:       


Naaistam:

ramji annai egespain please


premium goes to ur own account
There's a cacophony in the truth, A melody in lies and it accompanies one on every journey, From the lows to the highs
 

Naaistam
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Posted on Wednesday, December 04, 2019 - 02:21 pm:       


Ramjirao:

You save on Premium as well


ramji annai egespain please
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Xxx
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Posted on Wednesday, December 04, 2019 - 02:15 pm:       

If not used this money will be gone following year
-
 

Amigo
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Posted on Wednesday, December 04, 2019 - 02:08 pm:       

ysr thammudu,

why is your pocket dollars instead of hsa money?

============================================================ ====
I am contributing $7K every year to HSA and investing it in index fund.

I pay my medical expenses with after-tax money from my pocket

HSA investments will grow for decades and fund my future medical bills.. all tax free
 

Eureka
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Posted on Wednesday, December 04, 2019 - 01:51 pm:       

Yes, OOP Max is 11k per family
 

Ysr2009
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Posted on Wednesday, December 04, 2019 - 01:11 pm:       

Eureka babai: Are you in High Deductible Health Plan through out 2019?
 

Eureka
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Posted on Wednesday, December 04, 2019 - 12:00 pm:       

Hero: Anna, Yes HSA is pre-tax money if employer is willing to offer. I work for desi consulting company so that's not possible. so alanti vallu bayata HSA/IRA accounts maintain cheyyochu. manaki voche taxed net pay loo ninchi manam contribute chesi tax credit ponda vochu.
 

Hero
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Posted on Wednesday, December 04, 2019 - 10:32 am:       


Eureka:

The reason I posted this thread is: I was unable to take deduction for years, I believe I learnt today, Thanks to Youtube _/\_.




 

Hero
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Posted on Wednesday, December 04, 2019 - 10:16 am:       


Eureka:




HSA is pretax money kada ...how are funding bank of america HSA account ?

is your employer while running pay check money ee account lo deposit chestada ?

or you are doing it ? and tax filling lo manage chestunava
 

Hero
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Posted on Wednesday, December 04, 2019 - 10:13 am:       


Gatti_gunde:

enti babu idanthaa .....maa employer gaadi tho undadam bokka ne anukuntunna ivvanni choosukunte


 

Ysr2009
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Posted on Wednesday, December 04, 2019 - 09:33 am:       

for our ins plan:
High Ded plan premium: $110
PPO premuim: $228

so, 26 pay periods PPO - HSA = 26*118 = $3068

If you are healthy, you can easily save $3K by opting for High Ded plan

HSA contributions with triple tax benefit + investment returns is Bonus
 

Eureka
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Posted on Wednesday, December 04, 2019 - 12:23 am:       

Hawkeye: So after taking payment plan for few years, using HSA card, you can pay them max of $6900 every year towards Health care bills. By paying your medical bills through HSA cards, you'll save taxes.

https://healthequity.com/calculator/hsa-contribution
 

Eureka
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Posted on Wednesday, December 04, 2019 - 12:20 am:       

Hawkeye

For your bills, take a payment plan to clear in 4-5 years.

OPEN HSA account. For FTE, HSA may be taken care by Employer with deduction from pay check before tax.

For Coolies (Consultants) like me, I don't have that luxury. So I transfer money to HSA account after taxes. Tax file chesedappudu deduction teesukoni $$ credit techukovali. same is the case for IRA.

https://www.irs.gov/pub/irs-pdf/f8889.pdf - have to file this
https://www.irs.gov/pub/irs-dft/f1040s1--dft.pdf --line 12 for HSA, line 19 for IRA

The reason I posted this thread is: I was unable to take deduction for years, I believe I learnt today, Thanks to Youtube _/\_.
 

Polavaram
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Posted on Tuesday, December 03, 2019 - 11:38 pm:       

EOD ppo and hsa almost 100 or 200$ difference buntadhi

If your employer is providing hsa option

Don’t waste your money with ppo, go with hsa

Ppo use it or lose it, hsa is not lije that
 

Saint
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Posted on Tuesday, December 03, 2019 - 11:32 pm:       

if PPO & HSA are same premium vundakudadu. HSA are supposed to be high deductible plans with less premiums, PPOs are low deductible with High premiums

if u dont anticipate any major expenses, HSA plan would be better.
 

Saint
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Posted on Tuesday, December 03, 2019 - 11:29 pm:       

@Hawkeye eyes close and go for PPO.

15-30k expenses enti raaja? entha worst plan lo vunnavu?

Max out of pocket ane concept leda?
Deuctible entha? max out of pocket entha?

2k/4k range lo vunte antha kante single paisa kooda ekkuva kattakudadu kada unless some of the stuff is not covered by insurance?

I got 16k bill for one surgery but paid only 2k as that is my max out of pocket.

Go for lowest deductible & max Out of pocket plans.
 

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Posted on Tuesday, December 03, 2019 - 11:24 pm:       


Eureka:



Premium elanu pre-tax ye kadaa ... katte premium tagguddemo kani, out of pocket and deductables chala ekkuva untunnai ... anduke I opted for PPO ... how hsa helpful in my case?

Expecting around 15-30K bills in surgeries and procedures this year ...
 

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Posted on Tuesday, December 03, 2019 - 10:59 pm:       

Hsa is kind of investment ac too
 

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Posted on Tuesday, December 03, 2019 - 10:58 pm:       

Assalu question endho ardam kakedhu

Hsa a/c lo pette dabbu before tax

Hsa lo accumulate ayina funds future years lo expenses vunte pay cheyyacchu

Leka pothe part of that amount you can invest it in mutual funds

Ppo and hsa ki comparision chesthe hsa plan lo koncham ekkuva pay cheyyalsi vasthindhi
 

Eureka
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Posted on Tuesday, December 03, 2019 - 10:56 pm:       

Hawkeye: Health expenses unna leeka pooyina $$ unte anduloo pettukunte pannulu migultayi.
 

Gatti_gunde
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Posted on Tuesday, December 03, 2019 - 10:53 pm:       

enti babu idanthaa .....maa employer gaadi tho undadam bokka ne anukuntunna ivvanni choosukunte
 

Hawkeye
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Posted on Tuesday, December 03, 2019 - 10:53 pm:       

Suppose ee year naku expenses untai ani idea undi anuko ... HSA account still helpful?
 

Eureka
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Posted on Tuesday, December 03, 2019 - 10:50 pm:       

Ysr2009: Youtube loo choosukunna how to fill 8889, I think I am good now.
 

Eureka
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Posted on Tuesday, December 03, 2019 - 10:47 pm:       

@ Mamamiya786
https://myhealth.bankofamerica.com/NewConsumerCreation.aspx

Follow the process, nenu 2017 loo open chesinappudu evo documents mail cheyyi annadu, after that everything straight forward. Monthly maintenance is $2.5, check if there is anything lower. Good Luck!
 

Mamamiya786
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Posted on Tuesday, December 03, 2019 - 06:13 pm:       


Eureka:

They don't offer anything else.




konchem details ivvau .. how did you get yourr own HSA?
Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt.

Jagan|Modi|
 

Eureka
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Posted on Tuesday, December 03, 2019 - 04:54 pm:       

@Ysr2009: Anna, I am contractor to desi employer. vadu em ivvadu. Yes, I have Health insurance with them, that's it. They don't offer anything else.
 

Ysr2009
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Posted on Tuesday, December 03, 2019 - 04:51 pm:       

>> Since my employer is not giving me anything, my W2 won't help. I get 1098-A from Bank.

babi, \meeru mee company open enrollment period lo HSA theesukunnaara?

HSA money is deducted by your employer from your pay check.. nothing to do with bank..
 

Eureka
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Posted on Tuesday, December 03, 2019 - 04:42 pm:       

Since my employer is not giving me anything, my W2 won't help. I get 1098-A from Bank.
 

Emc2
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Posted on Tuesday, December 03, 2019 - 04:25 pm:       

i did this year, 7000, all paying towards deductibles.

very good if you have high deductibles and medical exprenses
AP AP = Assam Assam
 

Mamamiya786
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Posted on Tuesday, December 03, 2019 - 04:16 pm:       


Saint:

employer is contributing it, you shud take it.

Normal PPO vs HSA plans 30% premium difference vuntundi

The best part of it is, you dont pay Social/medicare taxes on HSA contribution. for 40




ei last year nunchi nenu 7k pedutunna...dinemma , jeevitham lo anni laate manam.
Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt.

Jagan|Modi|
 

Ysr2009
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Posted on Tuesday, December 03, 2019 - 04:14 pm:       

>> evarayina aa form 8889 fill chesara?

Yup.. Software ( TurboTax/TaxAct/.. ) wil automatically file form 8889 based on your W2 info..
 

Mikkymouse
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Posted on Tuesday, December 03, 2019 - 04:12 pm:       

Eureka,

Mee medical inusrance plan HSA theesukuntene idi work avuthundi.
Nuvve unna kannulatho mare vanka choodanani reppa venuka ninne ella kaalam dhachani...
 

Ysr2009
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Posted on Tuesday, December 03, 2019 - 04:11 pm:       

W-2 form lo Box 12 choodu..
Code "W' is for health savings contributions..

Box 1 lo Wages = Gross Pay - 401K - Medical FSA - HSA - Health Ins premiums..
 

Eureka
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Posted on Tuesday, December 03, 2019 - 04:11 pm:       

@Saint
Oka CPA garu suggest chesaru if employer is not doing, you can buy a card annaru. That CPA is too exprensive for my W2 so I am not going to him.

nenu IRA chestunna with no contrubution from employer, no problem in taking that deduction.
 

Eureka
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Posted on Tuesday, December 03, 2019 - 04:09 pm:       

evarayina aa form 8889 fill chesara? were you successful in taking deduction is my question.
It makes no difference to me in Health Insurance Premium.
 

Saint
Legend
Username: Saint

Post Number: 78368
Registered: 01-2011
Posted From: 205.172.134.225

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Posted on Tuesday, December 03, 2019 - 04:08 pm:       

@Eureka,
ee year 4k contribute chesanu but as per instruction on form, unable to take much deduction.

it has to be employer sponsered. u cant do it on ur own anukunta
 

Eureka
Junior Artist
Username: Eureka

Post Number: 441
Registered: 06-2013
Posted From: 204.145.114.6

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Posted on Tuesday, December 03, 2019 - 04:06 pm:       

Nenu consultant, so naku BOFA loo HSA card undi. To the best of my knowledge Form8889 fill cheyyali and enter it on schedule1, line 12 to take deduction.7k/yr is max. ee year 4k contribute chesanu but as per instruction on form, unable to take much deduction.
this is 3yr year having HSA. Tax deduction leeka poote waste kada?
First year desi Cpa gadu can't do anything with it annadu.

This link is showing savings: https://healthequity.com/calculator/hsa-contribution

https://www.irs.gov/pub/irs-pdf/f8889.pdf
 

Saint
Legend
Username: Saint

Post Number: 78367
Registered: 01-2011
Posted From: 205.172.134.225

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Posted on Tuesday, December 03, 2019 - 04:06 pm:       

If employer is contributing it, you shud take it.

Normal PPO vs HSA plans 30% premium difference vuntundi

The best part of it is, you dont pay Social/medicare taxes on HSA contribution. for 401K your contributions are only income tax exempt but you will still pay, Social and medicare taxes.

HSA money, you can invest in stock market freely and it grows free. Musali age lo baaga use avuddi...

I contribute 7k incl emp match to HSA (Max).
 

Pullarao
Comedian
Username: Pullarao

Post Number: 1927
Registered: 03-2017
Posted From: 72.20.136.14

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Posted on Tuesday, December 03, 2019 - 04:04 pm:       


Mamamiya786:

what do you mean by saving on premium ?



ppo vs hdhp rates anukunta.
 

Mamamiya786
Megastar
Username: Mamamiya786

Post Number: 26995
Registered: 06-2008
Posted From: 69.109.128.225

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Posted on Tuesday, December 03, 2019 - 04:03 pm:       


Ramjirao:

You save on Premium




what do you mean by saving on premium ?
Sensation(About Bala):He can win in atleast half of the segments in Rayalaseema. Emi matladutunnavo neeku telusa. He can contest any where in coastal and rayalaseema districts. I personally feel he should contest from Srikakulam dt.

Jagan|Modi|
 

Ysr2009
Side Hero
Username: Ysr2009

Post Number: 7024
Registered: 03-2014
Posted From: 129.135.1.213

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Posted on Tuesday, December 03, 2019 - 04:02 pm:       

I am contributing $7K every year to HSA and investing it in index fund.

I pay my medical expenses with after-tax money from my pocket

HSA investments will grow for decades and fund my future medical bills.. all tax free
 

Ramjirao
Side Hero
Username: Ramjirao

Post Number: 7647
Registered: 02-2019
Posted From: 152.51.48.1

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Posted on Tuesday, December 03, 2019 - 03:57 pm:       

HSA is win-win.

You save on Premium as well as employer contribution towards HSA

manaki save aina premium ni HSA lo vesukunte enough.

ee eyar vaadani money next year ki alla roll avvuthu vuntundhiii
 

Pullarao
Comedian
Username: Pullarao

Post Number: 1926
Registered: 03-2017
Posted From: 72.20.136.14

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Posted on Tuesday, December 03, 2019 - 03:56 pm:       

Money in HSA is pre-tax. no form anukunta. just fill it like 401K.
 

Ysr2009
Side Hero
Username: Ysr2009

Post Number: 7023
Registered: 03-2014
Posted From: 107.77.253.6

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Posted on Tuesday, December 03, 2019 - 03:55 pm:       

No separate form to fill.
Entering W2 is good enough
 

Eureka
Junior Artist
Username: Eureka

Post Number: 440
Registered: 06-2013
Posted From: 204.145.114.6

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Votes: 0 (Vote!)

Posted on Tuesday, December 03, 2019 - 03:51 pm:       

Asalu HSA Acc maintain cheyyadam beneficial ee naa? evarayina successful gaa deduction teesukunnara?
Teesukunte ee form file cheyyali?

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