DEC-1982
Full time employment: Posting here.
My understanding of ACA HSA plans after retirement is still poor.
I had a 401-k that has now been transferred into an IRA. Let's say I withdraw $10K from that rollover IRA, $5K for medical expenses and $5K for other expenses. Normally $10K would be taxed.
Q1. Can I put the first $5K into a HSA plan and not have $5K taxed? I got the impression that I can from MichaelB's post in this discussion. But it's from 2 years ago.
http://www.early-retirement.org/forums/f38/definition-of-hsa-compatible-plan-68596.html
Q2. Does putting money into a HSA affect ACA subsidies in any way? Obviously if the $5K is not counted, that's lower MAGI but my question is whether subsidies are disabled if you use an HSA plan.
Q3. What are the disadvantages of using HSA plans? I assume it's costlier because you get some tax advantages. Apart from that, what else is bad about it?
I had a 401-k that has now been transferred into an IRA. Let's say I withdraw $10K from that rollover IRA, $5K for medical expenses and $5K for other expenses. Normally $10K would be taxed.
Q1. Can I put the first $5K into a HSA plan and not have $5K taxed? I got the impression that I can from MichaelB's post in this discussion. But it's from 2 years ago.
http://www.early-retirement.org/forums/f38/definition-of-hsa-compatible-plan-68596.html
Q2. Does putting money into a HSA affect ACA subsidies in any way? Obviously if the $5K is not counted, that's lower MAGI but my question is whether subsidies are disabled if you use an HSA plan.
Q3. What are the disadvantages of using HSA plans? I assume it's costlier because you get some tax advantages. Apart from that, what else is bad about it?