Looks like you don't need earned income to have and contribute to a Health Savings Account.
Unfortunately, it seems that it isn't enough that your plan is high deductable:
My current, inexpensive, high deductable plan allows annual expenses to go higher than that. But, the tax benefits of the HSA might make it worth upgrading to more expensive insurance.
Here's a company that will let you invest in Vanguard funds, with a $35 or $60family annual fee: http://www.health--savings--accounts.com/admin-hsa.htm
I haven't looked for hidden fees yet, or reputation of the company.
If able to get a full 2005 and 2006 contribution in, one could have a $5350 account in January, and the annual fee would be already under 1% if you don't spend it. Double that balance for a family plan, if your deductable is high enough.
Unfortunately, it seems that it isn't enough that your plan is high deductable:
http://www.treas.gov/offices/public-affairs/hsa/faq_basics.shtmlThe annual out-of-pocket (including deductibles and co-pays) for 2005 cannot exceed $5,100 (self-only coverage) or $10,200 (family coverage).
My current, inexpensive, high deductable plan allows annual expenses to go higher than that. But, the tax benefits of the HSA might make it worth upgrading to more expensive insurance.
Here's a company that will let you invest in Vanguard funds, with a $35 or $60family annual fee: http://www.health--savings--accounts.com/admin-hsa.htm
I haven't looked for hidden fees yet, or reputation of the company.
If able to get a full 2005 and 2006 contribution in, one could have a $5350 account in January, and the annual fee would be already under 1% if you don't spend it. Double that balance for a family plan, if your deductable is high enough.