4 ms·
> What are you even paying for? I have no idea! High-deductible plans give you access to HSAs, which are the "don't pay taxes" cheat code (you put in pre-tax m
by defen 2y ago
> What are you even paying for?
I have no idea! High-deductible plans give you access to HSAs, which are the "don't pay taxes" cheat code (you put in pre-tax money, it gets invested in the market and grows tax-free, and you can spend it tax-free if it's on medical expenses; if you're over 65 you can use it for anything and pay regular income tax). But I'm paying 42,000 per year pre-tax for that privilege + insurance; maybe it's better to just get paid that as salary, take the income tax hit, buy coverage on the open market for far less, and then invest the leftover money.
- mapt 2y agoSo your premiums aren't being spent on healthcare, they're essentially being invested in a retirement plan?
- nsxwolf 2y agoYou still pay the premiums. You just have access to an HSA account you can make separate pre-tax contributions to. Sometimes your employer puts some amount in as well on some regular interval.