Health Savings Account (HSA) and IUI/IVF
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Anonymous
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We're doing our first round of IUI in January, to be followed by 2-3 more rounds then IVF if need be.
Since I have NO idea what this course of treatment will end up looking like/costing, I'm at a loss trying to figure out how much to put in my health savings account. Anyone have suggestions? |
Anonymous
| Max it out. You'll probably spend it easily, and if not you can always buy spare glasses/contacts, get a crown replaced, etc... |
Anonymous
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Max it out. Even if the iui works on the first try, you'll have delivery expenses later in the year.
Side note, are you certain you want to use a high deductible plan next year? That's a lot of deductible you'll have to meet before the plan pays for anything. I understand if thats the only option but if not, it's probably worth it to look into a plan that is more comprehensive. |
Anonymous
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If an HSA is truly what you have, then remember that you get to keep, and carry forward, anything that you don't spend this year. And you don't pay taxes on it (up to a limit determined by your status as an individual or family). So its kind of a no-lose situation.
If instead you are referring to a Flexible Spending Account (FSA) then my approach is usually to go conservative. But even then, you should be able to get a sense of what an IUI will cost you out of pocket. I would add NonIUI/IVF costs + cost of 1 IUI OOP+250. That might likely put you at/over the limit. |
Anonymous
| OP here: you're right, I think it is an FSA. I haven't used it in a few years, so I mixed them up. |
Anonymous
| If you get BFP, you can factor in the copay for your visit to OBGY and pediatrician, and other expenses as well. Like when my son got sick, one medicine (not OTC) costed us $95!! |
Anonymous
| If you are a fed, you can carry over $500 into the next year. If you get a bfp right away you can claim all mileage and parking expenses too. Buy sunscreen...get creative. Bottom line if you max out at $2500 I don't think you'll have any issues with spending it and carrying over less than $500 |
Anonymous
| You should take out the max, as should your DH. $2500 (x2) is "nothing" really, when paying OOP for these procedures. |