3 ms·
What's to stop me from receiving a $500 benefit tax-free and buying a $250 plan?
by elif 7y ago
What's to stop me from receiving a $500 benefit tax-free and buying a $250 plan?
- phantom784 7y agoI'd think you should be able to do that and put whatever is leftover in an HSA.
- kevc 7y agoCorrect, employers can pair their insurance reimbursements with HSA contributions if they wish.
- kevc 7y agoThe money your employer gives you can only be spent on insurance or medical expenses. So in your example you can buy the $250 plan and have $250 / month leftover to pay for prescriptions, doctor visits, or other medical expenses. You wouldn't be able to pocket the remainder as cash.