I've had an HSA with my company for 2.5 years now. First it was just for me, then we had a child and my wife stopped working so I have two dependents on my insurance. I was initially aggressive about contributing the HSA reaching the limit for year 1, but had to cut down contributions since then as childcare and living expenses mounted. My general understanding is that the HSA should be seen as a highly tax-advantaged account to be later utilized for health care expenses in retirement. However we now have an increased number of claims on my insurance for my wife and child, who are both generally healthy but do see a few specialists and need occasional labs and medications.
In the spirit of using it as an investment vehicle, I haven't been reimbursing our current health care costs from the HSA account. Is this the right move even if your out-of-pocket costs get higher? We are pretty much reaching the deductible each year. My wife is really frustrated and thinks we should be tracking every charge and reimbursing them as they come in.
I realize that we could be paying for these costs with the HSA card itself, but I do like getting credit care rewards for those payments :/
On top of this, the website for managing the HSA and doing reimbursements is really clunky and the customer support is not great. It's hard to match up each charge with the bills we get, making the idea of reimbursing every charge that comes in seem quite cumbersome, I'm not sure if it's all worth the effort.
Realizing everyone's situation is different, I'm interested in hearing how you all manage your HSA account in the real world.
Submitted November 10, 2022 at 11:58PM by Nakedeskimo1 https://ift.tt/Twh0uoW
