Reply to Medicare Premiums

Forum Index » Money and Finances

Reply to "Medicare Premiums"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yea even though I’m 47, we’ve had a HDHP and have been maxing out or HSA for year. Will come in quite handy for A, B, and D premiums. Though it doesn’t cover G we have hoarded thousands and thousands in receipts we can just get reimbursement from.

If you are high income you are foolish to have not built up your HSA over the years. We are sitting on 250k in HSA funds alone. triple tax advantaged. we will at least have 500k in that account when we need medicare and that’s conservative. [/quote]

What kind of return do you get on that account? I think it depends on that vs. how the market performed. Sounds like OP will never spend that much on health anyway based on how they described the company provided supplemental insurance (full coverage).[/quote]

i’m not that poster, but HSAs can have the same market returns as any account. Or you can get lucky and have bought NVIDIA with it or have purchased service now. or maybe the poster has had the account since 2004 when it was created.

However, i can see many many upsides to having this account even if you have employer provided supplemental. There are no guarantees that will be forever and it can also pay for long term care, in home care, and if you’ve been smart and have been documenting your expenses for year and years you can cash all that in.  There are also a ton of medical expenses that can be very bifocal that insurance doesn’t cover, plus dental expenses can get wild when you age. The list goes on and on because ‘merica.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics