Quote:
Originally Posted by savory
I am not sure this is true of all RMSAs but in my case, the money does not technically belong to me. I let mine ride for a while and it grew nicely. Now, I am aggressively spending it down. I do not believe my Megacorp plans to take it or is in trouble. But, once I learned about this technicality, I figured it was not worth the risk to leave it there.
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Big issue for the few that hold an RMSA. Back in the day it was OK to promise these things while leading the employee to think they own the whole account. Once I realized when I'm gone a big chunk of it is gone I started withdrawing as much as possible. Medicare part B , dental, eyecare etc. Not that I'm paranoid but I do notice they're much quicker to deny a claim for a technicality than my corp. HSA. Spend the RMSA and save HSA dollars if applicable.
Now I leave my separate HSA account invested in Vanguard total stock market instl. shares with much lower cost and total ownership by me. With a combined six figure total this is a real issue for me.