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Fidelity now offers free HSA accounts to individuals.
No monthly fee. No annual fee. No fee to buy Fidelity mutual funds. Just the normal trading fees such as $4.95 to buy stock. Be aware of account closing fees at the old HSA if you transfer it to Fidelity.
There are no plans from healthcare.gov that requires you to have an HSA right? I know there are plans that are "HSA eligible" but is there a case where HSA is required to have the plan? The reason I'm asking is because I see some plans from the same insurance company have significantly lower deductibles than others for about the same premium and those has "HSA" in the name (I'm assuming that means HSA eligible). So I was just wondering if HSA is a requirement to get such a "special" rate.
There are no plans from healthcare.gov that requires you to have an HSA right? I know there are plans that are "HSA eligible" but is there a case where HSA is required to have the plan? The reason I'm asking is because I see some plans from the same insurance company have significantly lower deductibles than others for about the same premium and those has "HSA" in the name (I'm assuming that means HSA eligible). So I was just wondering if HSA is a requirement to get such a "special" rate.
No, you are not required to have an HSA. But, you cannot make tax-deductible deposits to an HSA unless you are also covered under a HDHP HSA eligible plan. Some HDHP HSA plans do have very low deductibles of $1,400.
Does anyone have the amounts for a partial year deposit into an HSA for 2020? I am currently covered by an HSA (which I love a lot), but I turn 65 this November and I don't know what is the exact amount I can deposit for 2020? I know if I could for the full year it would be $4,550 but since it is 10/12 of a year how do they calculate that?
Does anyone have the amounts for a partial year deposit into an HSA for 2020? I am currently covered by an HSA (which I love a lot), but I turn 65 this November and I don't know what is the exact amount I can deposit for 2020? I know if I could for the full year it would be $4,550 but since it is 10/12 of a year how do they calculate that?
Pro rata - 10 months instead of 12. $4550/12 = $379.1666 x 10 = $3,791.66
You can also pay yourself back if you had an HSA at the time of procedure.
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