I can already see a tax on my HSA coming.

[RB TexLa]

I'm sure it will be justified by saying I should have been paying that money in premiums for more coverage instead of being able to invest it and use it to pay for medical costs.

When you think of it as the insurance company's money and you only pay a co-pay to go to the doctor you do go more. My HSA is my money and I want it to remain my money, not a damn doctor's money. I'm sure that will be another justification.

[Warren Stupidity]

1. Then you are hallucinating

unless of course you can provide some actual evidence for this.

[RB TexLa]

2. All they have to say is that my High Ded plan is not considered adequate coverage

and fine me.

[seabeyond]

3. i dont see it as my money but doctor money. will be taced when i take it out and becomes my money

right.

i jsut started hsa and not too comfortable. forget to use. and i dont go to doctor more cause i think it is my money and dont want to spend. lol

[Warren Stupidity]

4. So when is your HSA being taxed exactly?

Oh wait. It isn't. Under some hypothetical where your insurance plan is disqualified and you refuse to purchase a qualified plan, and assuming that a mandate plus fine system is enacted, you are equating paying a fine for non-compliance as having your HSA taxed.

If you get a speeding ticket is that a tax on your HSA too?

[RB TexLa]

6. I didn't say it was now. I said I can see it coming. So yes that is based on assumptions

I did not pretend otherwise. Sorry if admitting that makes it harder for you to insult and degrade others.

[Warren Stupidity]

8. And I asked for some evidence and you provided the following

"All they have to say is that my High Ded plan is not considered adequate coverage and fine me."

Which is simply not a tax at all on your HSA.

So again, who is proposing taxing HSAs?

[RB TexLa]

10. A fine from the government for having it is close enough for most people to call it that.

I'm certian that terminology could never in any way be close to good enough for you. And even though I fully understand that it could never be good enough for you, please return to running your smartass mouth.

[Warren Stupidity]

12. So a speeding ticket is also a tax on your HSA?

Please explain why not.

[RB TexLa]

13. You made that one up, go ahead I'm sure you can use your smartass mouth to make up an explanation al...

by yourself.

[Warren Stupidity]

14. If a fine on your lack of insurance is a tax on your HSA why is any other fine not?

Please explain.

[RB TexLa]

15. Because they aren't a result of having the HSA. But I'm sure you can point out how ignorant I am

and explain to me why such a simpleton compared you doesn't understand that.

edited to add: I've got to go do something, so you can have the last word and really insult a stranger over the internet. Even get someone to give you a five-high for it. Have fun

[Warren Stupidity]

21. all the insults have come from you

Your HSA in your hypothetical situation remains untaxed. You can choose to consider the fine imposed on you in your imaginary example for not having an adequate health insurance plan a tax on your HSA, or you could consider it a turtle on a fence post, but it remains a fine imposed for not having an adequate health insurance plan.

So, who exactly is proposing taxing HSAs?

[eleny]

9. Why do you think they would say that your HD plan is inadequate?

Is it a real lousy plan right now?

[RB TexLa]

11. Not for what it's for, but if the goal is to get people paying more to the insurance company

instead of allowing the healthy to use HSA's and save on what is sent to the insurance companies then yes they will declare them inadequate.

[eleny]

16. I'm thinking that the HSA will be protected

Reason being is that it was set up to allow the excess to be used for retirement when the withdrawals would be taxed. So taxing the excess is built in. And that still benefits the retiree since most of us have less income in retirement and our tax rates are lower.

We'll see what happens. But based on my reasoning, I think your HSA funds will be safe from taxation.

BTW - I have an HD with HSA right now but will probably switch my insurance plan from the HD to a PPO because my HD premiums will be going up about $100 a month starting with January coverage. The PPO has a higher deductible but the drug coverage is better than the HD. The prescriptions have to meet their own much smaller deductible in the PPO and in my circumstance it's a better deal. Instead of paying a $386.00 monthly premium I'll only pay $75.00. I have so little in my HSA right now that I think I can spend it down by the end of the year.

You can see from my circumstance that I have some experience with HSA. It never occurred to me at all that health care reform would try to tax it. Hang in there. I really think your HSA is safe from being taxed. They wouldn't change the rules and make them retroactive. If anything, what you have in there would be grandfathered in and safe from being taxed by reform measures.

[sandnsea]

19. The goal is to cover the cost of health care

And your hsa isn't going to do that. No way, no how.

[RB TexLa]

20. Of course it doesn't, it's not intended to, the insurance plan kicks in after

the annual deductible is met.

It covers the health care I choose to buy which is very little. That could change to an extent should something happen to me but I will still purchase as little as possible.

[sandnsea]

23. Some day you'll have a medical crisis

and discover just how worthless your plan has been. By then it'll be too late because you'll lose everything. The most ridiculous part of health "insurance" is the idea you might not need health care. You will or somebody in your family will. Everybody does. You do know that health insurance quadruples as you get old too, right? What you "save" now will just go to those higher premiums later on unless we fight to get this mess changed.

[sandnsea]

5. Here's an idea da

Get good coverage with the same amount you now pay for a premium - and just flat out invest your da "HSA" money and keep it for fucking ever.

da

[RB TexLa]

7. It's invested with tax free earnings, so I don't want to do that.

[sandnsea]

18. So put it in some other tax shelter

They aren't that tough to find.

[stray cat]

17. Conservatives see Obama taking them to concentration camps too

and raiding their houses and taking their guns. However, I don't put much stock in their visions either

[AzDar]

22. Can you also tell if the Bengals are going to beat the Steelers tomorrow ?

;-)