Health Savings Account-Health Savings Account Info

The Robotic Dan asked:


I don’t know what all the fuss is about health care. I am very healthy and very careful with what I do. I’d like to take a gamble this year and decline health care coverage for myself, instead taking back that hard earned cash and putting it in my bank account. Anyone ever take this risk before and have it pay off?

Marcus Mooty

Bewildered asked:


I’m being screwed by Chase’s Health Saving Account service. I asked for my account to be closed and $10 balance sent to me and was not allowed to do that by phone. I was told that I’ll get a form in the mail and have to fill it out then submit it before my request could be done. Sure enough, nothing showed up. The bank continued to deduct fee from my balance for “service”. I thought they’d close the account once the $ was gone, but they didn’t. Now I have negative balance due to the service I had requested to be stopped.
.Are banks regulated by some agency? I need to file a complaint. Would this unethical practice be a good case for a class action lawsuit?
Thanks.
ltc

Travis Howry

Two of us asked:


Tiny bit of back detail.. My husbands ex wife does not have any custody rights to their children (although she is allowed supervised visits) and of course does not pay her very minimal child support. She is an admitted and obvious prescription and narcotic drug abuser. She has no job, no car, yada yada… Well she had been on unemployment up until last week or the week before and we have now learned she is trying for disability. Which would most likely be a fraud case, but whatever. It would most likely be a mental health claim. So I guess I have two questions… how long would it take for her to get approved, if she could. And also, would the children see any money from this? Do they pull child support? Do the kids get a so-called “cut” from her disability or because of her disability? It’s not about the money per se, but we would like to put some away in their college savings accounts if they ever do get any…. Thanks for any advice!

Kourtney Thaut

Rachel M asked:


My mother has battled health problems for years (Crohns and Essential Thrombocytosis). She never qualified for SSD becuase she hadn’t worked in many years (stay at home mom). 2 years ago she was able to go back to work. Recently she had to take FMLA becuase of vascualar problems (surgery, therapy) and now physically can not work.

What programs are available to assist her (if any) with benefits and/or finances)? I am her daughter, and supporting her has drained my savings account, not sure what else to do at this point.

Side note, previously when she was stay at home mom, my father had a good job, which he has since lost. That is why my mom need income and benefits.

Trent Pemberton

jessica s asked:


i havent lived with my parents for nearly two years. im seventeen. since i was a minor at 15, my savings account that i was putting the money from my 3 jobs was legally under my fathers name. he withdrew all $600 and refuses to give it back to me. that was about a year ago. now even though im still under their health issurance and legally still their daughter, i pay for my own expenses, from food, clothing, school supplies, car insurance and payments, to medication and doctors apt.s not covered. while i lived there, they used to kick me out frequently but always begged me to come back. they even tried to sign off custody of me once. money is always an issue for me, im not even going to prom because of it. i receive no money from my parents. do they legally have to give me money to make it on my own? also, with the tax rebate coming up my father will get back at least $300 for having me as his daughter but shouldnt that be mine? is he legally allowed to keep it since im not 18?

Rupert Shuffield

Chris asked:


State Farm offers a Health Savings Account (HSA), will this be acceptable under Obama’s health care mandate?

Earle Dortch

SuchAStunner asked:


I’m 14. No rush to get emancipated not yet. I’m living with my grandparents right now. Well “visiting” but I stay here doing the summers. My mom+my step don’t get along. I don’t’ wanna call CPS on my mom or step dad. Although I should because a lot of physical, mental, and emotional pain has been put on me.

So I was wondering. If I got a job now. And saved money like crazy. Both legally and “illegally”((charging for parties is illegal right? Like charging people to get into a club, You see now.)) And just putting all that into a savings account until I turn 15 or so. Then getting emancipated and moving down to New Mexico where the minimum wage is 9.22 and the driving age is low ((like 15 or 16)).

I could show that I’m financially stable, and I can support myself financially. I can pay all my bills. And that I can get my own health, dental, vision, dog (sorry tempting), and car insurance.

I would have a good case of getting emancipated right. I would have witnesses to the physical abuse. And how it would be in my best interest to leave and be able to live a healthy teen-aged life.

Please don’t give me smart alack answers. We’re all capable of being smart, Intelligent people here so act like it. If you had a crisis on your hands and you posted on here I wouldn’t say well kill yourself.

And another thing. Going before the judge would it be a good thing to say she stopped my psychological help? Because I still didn’t get all the help I needed. She was the reason I went and she’s the reason I don’t go anymore.

Melodee Kapitula

dolphin314etc asked:


If $400 billion is taken out of the Medicare Trust Fund, those persons who were expecting Medicare to be there for them as a wealth asset in their post-65 years, are going to need to make some other plans.

With $400 billion gone, Medicare won’t be able to pay for very much. Maybe about as much as Medicaid does now. Really the cheapest possible care will be what’s on offer for you.

You may say, “Well that’s just great, I was always hoping to be given the cheapest possible care. The less care I get, the better I like it.”

Or you may say, “If Medicare is not going to be there for me, I better start making arrangements for something that will be there.”

What sort of arrangements might you make:

1. A Health Savings Account — and you start now putting in as much as possible every year.

2. Some sort of Excess Coverage for when Medicare cuts out. With all that money missing, Medicare is going to cut out at a fairly low level, so don’t figure on getting more than about $150,000 worth of care, no matter what goes wrong for you. You better be covered above that amount, just in case after 65 you get sick, and Medicare’s hands are tied, there’s noting more in your rationed care account.

3. Maybe Long-term care insurance. In case you need a nursing home at some point in your life. Other Americans have needed that in the past. You are made out of the same stuff as them. Medicare, once gutted, robbed, ***** and left for dead, might not be able to get you anything but the cheapest nursing home, in a cardboard box down by the river. If that’s not OK for you, maybe Long-Term Care Insurance could be considered.

4. You may want to cut back on all expenditures and build up a store of assets in Silver, Gold, Platinum, and a market basket of very hard currencies from the strongest economic countries in the world. If you can’t get reasonable insurance, you can self-insure by having assets stored safely.

5. You may decide that the Happy Go Lucky Life is the best one. You are so pleased that the President’s street rabble friends are going to be getting more freebies, on top of free housing, food, education, clothes, counselling, and fuel that you just want to jump for joy, and feel happy go lucky, and take your chances. You might be hit by a car tomorrow, so why worry?

Doing nothing is a choice.

85% of Americans who now have good health and good health insurance are going to be horribly affected by the Obama Healthcare Plan. Some of them will not be Happy Go Lucky people.

They will want to make some new arrangements, if they intend to continue living in USA. This is the most massive transfer of wealth in US history. 85% are going to lose most of what they have, so that 15% can have even more freebies than they already do. You might want to consider getting some beat up old clothes, and a shopping cart, and go out a live on the street as one of the newly endowed Rabble Barons.

Beau Durkin

Ggirl99 asked:


I seem to be the only one in the family who sees what is really going on with them – Grandfather has alcohol dementia and has boozed and given away nearly $30 K of their savings over the past 3 years. Grandmother is febile and had 3 or 4 strokes, COPD, and mental health issues from living with the drunk, codependency etc…
They are about to reverse mortgage their house, but they can’t even safely live here without constant supervision. If they could, I’d say go for it because they obviously now need the money because of what my grandfather did spending all the savings.
My uncles want grandpa’s checks and bank account in grandma’s name only so that he can’t spend anymore.
He is definitely going to waste their reverse mortgage money fast! Because he has a sickness and is so incredibly irresponsible.
Although their kids tell me to do this, none of them want to do anything to help make a decision.
I can make the tough decision of getting him declared incompetent, what to do??
Also, neither of them has a will, health care surrogate, or any advanced directives, or anything drawn up, or a power of attorney…nothing.

Emily Esteybar

dolphin314etc asked:


1. Would it mean that all jobs in USA would cease immediately? No? People would still seek employment, and companies would still hire them?

2. Well how would the employees be “compensated” without corporate healthcare insurance plans? There is a thing called a paycheck. That would be the way to compensate the employees.

3. So how would people get health insurance without having it given to them by their corporations? They would buy it on the open market. That’s how they get groceries, and cars, and houses. So they would go to the market, pick out a policy. Sign it. And start paying premiums. The glove fits, so wear it. Each glove fits each customer. Wow, it’s like tailoring! What a concept!

4. How would this affect healthcare utilization? It would make it more moderate, more appropriate. If I have to pay for my own coverage, I’m likely to go for a high deductible policy with a Health Savings Account as backup. Very efficient — and all the tax breaks come to me, not the corporation I work for. When I need care, I just get what I need. Not those extra PET scans and CAT scans just to see if they can find something, two or three times a year. Not those luxury discretionary operations and treatments. Just what I need. That way, my premiums stay low, my health stays OK, and I have $3 million in coverage in case of catastrophic illness, or accident (with a $5,000 deductible, covered by my Health Savings Account, from which I get a taxbreak).

All corporations are always insatiable greed machines. So any contract or arrangement in which a corporation participates is going to be slanted mostly so that it benefits the corporation, not you, even though you think you’re getting a big freebie. They would have to pay about 15% to 20% more in salary to attract employees if they did not offer healthcare insurance. So, cutting out the insurance is revenue neutral for you, but you get a much better deal, and you participate in lowering our national expenditure for healthcare, so maybe it doesn’t go all the way up to 25% of GDP in the next five years, which is where it’s heading now in five years time.

Laurence Delashmit