t**********r
发帖数: 2019 | 1 I think HSA has very attactive tax benefits.
1) Contribution is pre-tax, even before FICA and medicare (unlike 401k is
after FICA and medicare)
2) If you are in a high tax bracket, HSA contribution could help bring down
the AGI so that you may qualify for other tax benefits which are only
available to people with AGI below certain threshold (roth IRA contribution,
child credit, education credit, etc)
3) Even though you are not using the money in HSA in the near future, it can
be invested in funds and grow over time, and you don't pay tax on the
earning as long as it is used to pay qualified medical expenses (someone
correct me if I'm wrong here). To me this is using pre-tax dollars to
generate tax-free earnings.
4) The only catch is it can only be used for medical expense without tax and
penalty. However medical expense is one thing that nobody can avoid and we
all need money to pay for it sooner or later. Wouldn't it be great to use tax-
free dollars to pay for one of the largest expenses after retirement other
than using distribution of 401k?
With above being said, I'm not sure about maximizing it every year and put
too much money in it, especially if health plan offer annual out-of-pocket
limit so medical expense is capped.
Thoughts? Discuss. | b******l
发帖数: 299 | 2 The problem is, you don't have many investment choices for your HSA funds.
You can only use HSA for medical purpose only. Besides, not many people are
qualified for that contribution.
down
contribution,
can
【在 t**********r 的大作中提到】
: I think HSA has very attactive tax benefits.
: 1) Contribution is pre-tax, even before FICA and medicare (unlike 401k is
: after FICA and medicare)
: 2) If you are in a high tax bracket, HSA contribution could help bring down
: the AGI so that you may qualify for other tax benefits which are only
: available to people with AGI below certain threshold (roth IRA contribution,
: child credit, education credit, etc)
: 3) Even though you are not using the money in HSA in the near future, it can
: be invested in funds and grow over time, and you don't pay tax on the
: earning as long as it is used to pay qualified medical expenses (someone
| s********z
发帖数: 5411 | 3 you are mostly right, HSA is the most tax advantaged vehicle out there.
Another good thing is that high deductible plan is cheaper than others.
I max it out every year.
the downside is low limit, only $6250 for couple. another thing is typically
you don't have very good investment choice. For example, I have all my
contribution in SP500 index fund and I am paying 40 basis points.
I would rank it HSA very high,
401k up to match, then, HSA, then max out 401k, then ROTH.
down
contribution,
can
【在 t**********r 的大作中提到】
: I think HSA has very attactive tax benefits.
: 1) Contribution is pre-tax, even before FICA and medicare (unlike 401k is
: after FICA and medicare)
: 2) If you are in a high tax bracket, HSA contribution could help bring down
: the AGI so that you may qualify for other tax benefits which are only
: available to people with AGI below certain threshold (roth IRA contribution,
: child credit, education credit, etc)
: 3) Even though you are not using the money in HSA in the near future, it can
: be invested in funds and grow over time, and you don't pay tax on the
: earning as long as it is used to pay qualified medical expenses (someone
| a*w
发帖数: 4495 | 4
我们的HR说HSA contribution是after tax的，不免FICA
down
contribution,
can
【在 t**********r 的大作中提到】
: I think HSA has very attactive tax benefits.
: 1) Contribution is pre-tax, even before FICA and medicare (unlike 401k is
: after FICA and medicare)
: 2) If you are in a high tax bracket, HSA contribution could help bring down
: the AGI so that you may qualify for other tax benefits which are only
: available to people with AGI below certain threshold (roth IRA contribution,
: child credit, education credit, etc)
: 3) Even though you are not using the money in HSA in the near future, it can
: be invested in funds and grow over time, and you don't pay tax on the
: earning as long as it is used to pay qualified medical expenses (someone
| s********z
发帖数: 5411 | 5 你们的HR应该被fire掉
http://en.wikipedia.org/wiki/Health_savings_account#Deposits
【在 a*w 的大作中提到】
:
: 我们的HR说HSA contribution是after tax的，不免FICA
: down
: contribution,
: can
| a*w
发帖数: 4495 | 6 wiki上说pre-tax或post-tax是可选的，
Contributions from an employer or employee may be made on a pre-
tax basis through an employer. If this option is not available
through the employer, contributions may be made on a post-tax
basis and then used to decrease gross taxable income on the
following year's Form 1040.
【在 s********z 的大作中提到】
: 你们的HR应该被fire掉
: http://en.wikipedia.org/wiki/Health_savings_account#Deposits
| s********z
发帖数: 5411 | 7 你在跟hr说啊，post tax contribution跟hr有什么关系？
【在 a*w 的大作中提到】
: wiki上说pre-tax或post-tax是可选的，
: Contributions from an employer or employee may be made on a pre-
: tax basis through an employer. If this option is not available
: through the employer, contributions may be made on a post-tax
: basis and then used to decrease gross taxable income on the
: following year's Form 1040.
| t**********r
发帖数: 2019 | 8 往HSA账户里存钱有两种方式：
1）通过employer payroll每月自动从你的paycheck里面扣除来存，俗称cafeteria
plan. HSA在扣除的时候，是在算FICA, medicare,已及联邦、州税之前的，before一切
tax. 接下来是算FICA和medicare, 再然后是401k在算联邦、州income tax之前。
2) 如果自己往HSA账户里面存钱，每年报税的时候这个contribution算deductible, 所
以也是income tax free的。
我的理解是，如果employer提供1）这个选项的话那也算是个小的benefit了，因为可以
省掉FICA和medicare那一部分，自己报税deductible的话FICA和medicare也是要不回来
的。
【在 a*w 的大作中提到】
: wiki上说pre-tax或post-tax是可选的，
: Contributions from an employer or employee may be made on a pre-
: tax basis through an employer. If this option is not available
: through the employer, contributions may be made on a post-tax
: basis and then used to decrease gross taxable income on the
: following year's Form 1040.
|
|
