Archive for October, 2006
Can I “purchase” a Healthcare Savings Account without standard insurance coverage?
Megan M asked:
My family currently already has health insurance coverage but the company does not offer HSA’s. My husband owns his own incorporated company and wants to offer ONLY an HSA option and NO healthcare insurance. Is this possible? Basically, as a small business, can we purchase just an HSA without having to also buy healthcare insurance too?
Roslyn Knieper
My family currently already has health insurance coverage but the company does not offer HSA’s. My husband owns his own incorporated company and wants to offer ONLY an HSA option and NO healthcare insurance. Is this possible? Basically, as a small business, can we purchase just an HSA without having to also buy healthcare insurance too?
Roslyn Knieper
I need information QUICKLY about Health Savings Accounts and High Deductible HealthPlans?
MSH asked:
With an effective date of November 1, my employer sprung on us this week that we are changing from a traditional insurance plan with low copays, etc. to a High Deductible Health Plan with an HSA. I have tons of questions and my employer and his insurance agent are pretty much useless. I need to turn in my forms ASAP (like tomorrow) and haven’t found much online. It is a small company, like 25 people. We are going to have a $ 4,000 deductible and he is going to put in $ 3,000 of that over the course of the year. The maximum out of pocket is also $ 4,000 – but it is also up front. (I guess). Where can I get good information quickly? Should I accelerate expenses to the current plan or defer them to the new plan? Thanks.
Lelia Copus
With an effective date of November 1, my employer sprung on us this week that we are changing from a traditional insurance plan with low copays, etc. to a High Deductible Health Plan with an HSA. I have tons of questions and my employer and his insurance agent are pretty much useless. I need to turn in my forms ASAP (like tomorrow) and haven’t found much online. It is a small company, like 25 people. We are going to have a $ 4,000 deductible and he is going to put in $ 3,000 of that over the course of the year. The maximum out of pocket is also $ 4,000 – but it is also up front. (I guess). Where can I get good information quickly? Should I accelerate expenses to the current plan or defer them to the new plan? Thanks.
Lelia Copus
Health Savings Account Tax question?
Jman asked:
I am doing my taxes and have become stuck at this point:
I am doing my taxes and have become stuck at this point:
Enter the unreimbursed qualified medical expenses that relate to this 1099-sa
What are the “unreimbursed qualified medical expenses?”
Are they the things that I have paid for out of my own pocket and not used my HSA money for?
Kyle Jasinski


















