Thanks for any comments... I have read many health insurance threads on this forum over time. I just want to get some confirmation...
I will stay on my spouse's medical insurance for the time being because the benefits are better. However, my new employer offers a high deductible health plan at no cost to me. One can open an HSA in conjunction with it.
So - I was thinking of signing up for it and putting bucks in the HSA.
Can I use the HSA deposits for:
1. Out of pocket medical expenses that the primary policy does not cover?
2. Medical expenses for family members other than myself?
And regarding premiums - can HSA funds be used for:
3. Future Medicare supplemental insurance premiums?
4. Future regular health insurance premiums when we retire prior to Medicare eligibility?
5. Wait - can it cover current health insurance premiums for the family on spouse's policy?
And in the medical-related category:
6. Can HSA funds be used for prescription glasses?
7. How about for dental out-of-pocket costs?
Thank you.
I will stay on my spouse's medical insurance for the time being because the benefits are better. However, my new employer offers a high deductible health plan at no cost to me. One can open an HSA in conjunction with it.
So - I was thinking of signing up for it and putting bucks in the HSA.
Can I use the HSA deposits for:
1. Out of pocket medical expenses that the primary policy does not cover?
2. Medical expenses for family members other than myself?
And regarding premiums - can HSA funds be used for:
3. Future Medicare supplemental insurance premiums?
4. Future regular health insurance premiums when we retire prior to Medicare eligibility?
5. Wait - can it cover current health insurance premiums for the family on spouse's policy?
And in the medical-related category:
6. Can HSA funds be used for prescription glasses?
7. How about for dental out-of-pocket costs?
Thank you.