5 ms·

Thanks for clarification, but I believe my private-market health insurance plan even though high deductible is not eligible for a HSA. I believe you have to use

Thanks for clarification, but I believe my private-market health insurance plan even though high deductible is not eligible for a HSA. I believe you have to use a healthcare.gov plan to be eligible for HSA which are significantly more expensive. So, not sure the benefits are there if your monthly premiums are 25-40% more expensive (HC.gov + HSA) than a private-market plan.

jdlshore 1y ago
All health insurance plans in the US are private-market.* You may be confusing ACA-compliant plans (private insurance that's allowed to be listed on healthcare.gov and is eligible for subsidies) with non-ACA-compliant plans (not allowed to be listed on healthcare.gov, not eligible for subsidies). Be careful about non-ACA-compliant plans. They're cheaper because they engage in sketchy behaviors that leave you without coverage when you need it. *Well, except Medicaid, Medicare, etc.
- nodesocket 1y ago
  You’re correct. I should be saying ACA compliant plans vs non-ACA instead of “private”. I have a non-ACA plan thus why I can’t have a HSA.