tag:blogger.com,1999:blog-2807403883562053852.post5666778722019771448..comments2024-03-27T08:40:31.785-06:00Comments on Clayton Cramer.: Health Savings Accounts: No, That Won't WorkClayton Cramerhttp://www.blogger.com/profile/03258083387204776812noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2807403883562053852.post-31654005846543129492013-07-15T18:45:38.440-06:002013-07-15T18:45:38.440-06:00Its amazing, one might even think that the people ...Its amazing, one might even think that the people who drafted PPACA had no knowledge of basic economics ...<br /><br />Shocking, I know.Cincinnatushttps://www.blogger.com/profile/10424218376882403880noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-43132829926696714732013-07-15T16:14:15.467-06:002013-07-15T16:14:15.467-06:00The money goes to the FSA administrator. Not a ba...The money goes to the FSA administrator. Not a bad deal for them.Clayton Cramerhttps://www.blogger.com/profile/03258083387204776812noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-3895201304291798352013-07-15T15:32:13.336-06:002013-07-15T15:32:13.336-06:00I think they capped the FSA so Americans wouldn...I think they capped the FSA so Americans wouldn't get the tax benefit. I also wonder what happens to the unspent money in FSA accounts. (If you don't use up all the money in the account by each April 1, the money is gone)Birdwellhttps://www.blogger.com/profile/15566124933906053791noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-58945503982414545852013-07-15T15:16:09.629-06:002013-07-15T15:16:09.629-06:00Rob: FSAs and HSAs have different limits, but I st...Rob: FSAs and HSAs have different limits, but I still can't do an HSA unless I have an HDHP, and that option isn't offered by my employer.<br /><br />Matt: The cash price would be so high that it still makes sense to be insured. And there are things that I will let the lowest bidder do. Heart surgery? I don't think so.Clayton Cramerhttps://www.blogger.com/profile/03258083387204776812noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-450698846705897312013-07-15T13:09:46.440-06:002013-07-15T13:09:46.440-06:00Have you checked out http://www.surgerycenterok.co...Have you checked out http://www.surgerycenterok.com/pricing/ and asked them the cash price for your procedure?<br />Matthttps://www.blogger.com/profile/12812258163495000225noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-14556467430375178782013-07-15T12:29:21.492-06:002013-07-15T12:29:21.492-06:00I don't think you're correct in that first...I don't think you're correct in that first update. Flex spending accounts and health savings accounts are different things. It notes "Nor does it apply to salary reduction or any other contributions to a health savings account (HSA)"<br /><br />This one says the contribution limits are going up for HSAs: http://www.shrm.org/hrdisciplines/benefits/articles/pages/2013hsalimits.aspx<br /><br />Rob Khttps://www.blogger.com/profile/15604826633798229422noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-60144730178028175922013-07-15T11:17:40.358-06:002013-07-15T11:17:40.358-06:00I am convinced the spending cap was put in place t...I am convinced the spending cap was put in place to discourage individual responsibility, because what other reason could there be for reducing the cap? I have already been bitten by this because I used to put $3500-4000 annually in an FSA, and that was capped just like HSAs are.Rick Chttps://www.blogger.com/profile/10992428161064901136noreply@blogger.comtag:blogger.com,1999:blog-2807403883562053852.post-13145153630908417242013-07-15T10:52:34.651-06:002013-07-15T10:52:34.651-06:00I guess it depends on your employer - my employer ...I guess it depends on your employer - my employer offers a high deductible plan, and subsidizes my HSA as well. Surprise, surprise, if I exactly hit my deductible, my out of pocket expenses are about the same as if I took the low deductible plan with the higher premiums. If I don't hit the deductible, I come out ahead.<br /><br />If I understand Obamacare correctly, this plan and my HSA will be phased out. Bother.rclarkhttps://www.blogger.com/profile/17821361886811348282noreply@blogger.com