I am curious how others regard and use their HSA accounts. Currently, I had a series of medical issues resulting in an in-hospital procedure. Everyone wants their cut and follow up visits. It could use up 10% of my account to pay the coinsurance.
So I am faced with liquidating my HSA funds invested to cover my costs, or just paying with after tax dollars. Part of me wants to keep the HSA invested to grow tax free, but it is a small account (in proportion) and could simplify life to use the account as intended and close it in a few years.
I understand from a recent thread that Medicare premiums could be paid in the future from this account. This might be one reason to not use the account for current costs. I really do not want to go on medicare at 65, as we are covered as corp officers in our subS with a Gold plan. But I guess there is no option?
So my question to the group is how do you use your old HSA account. Do you consider it like a Roth IRA that is touched last, or do you use the funds since you can't make any further contributions?
So I am faced with liquidating my HSA funds invested to cover my costs, or just paying with after tax dollars. Part of me wants to keep the HSA invested to grow tax free, but it is a small account (in proportion) and could simplify life to use the account as intended and close it in a few years.
I understand from a recent thread that Medicare premiums could be paid in the future from this account. This might be one reason to not use the account for current costs. I really do not want to go on medicare at 65, as we are covered as corp officers in our subS with a Gold plan. But I guess there is no option?
So my question to the group is how do you use your old HSA account. Do you consider it like a Roth IRA that is touched last, or do you use the funds since you can't make any further contributions?