How big should your HSA account balance be?

[teejayevans]

My HDHP premium through work is only $7 a month. I don't think I'll find anything cheaper than that on the open market in an individual policy.

You still working I assume?

Once retired, my megacorp will charge what it costs them: ~$550
Same policy if still working: $0
Individual market if I didn't have any pre-existing conditons: ~$225

TJ

 

[DblDoc]

If your HSA contributions come from a qualified "Section 125" cafeteria benefits plan through payroll deductions (as mine are, fortunately), HSA contributions are indeed exempt from SS and Medicare taxes. As I understand it, any other contributions would be subject to those taxes.

You are correct.

DD

 

[TromboneAl]

I keep telling my insurance company that my premium payments come out of my pocket, but they don't want to listen.