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What do you think about Health Net FB HSA plans?
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I tell my clients that in the long run you cant lose with HDHP's - but that is hard for them to believe after they get a 27% rate increase (BCBS of SC in 11/07) but I am still a believer. 96% of my clients are on qualified plans.
1. BCBS (best network and maternity)
2. Golden Rule
3. Humana (easy underwriting and low hdhp rates) - my main gripe with Humana is that the provider search function on their web site is terrible. Sometimes you have to look them up by name, sometimes a provider isnt in there by name but the practice is, but never search by specialty!
4. Carolina Care Plan (Medical Mutual of Ohio)
5. Assurant
What companies are you writing the accident and critical illness with? Does anyone know of any institutions that have stand out HSA's?
Surely many of you have thought of this but one of my clients has convinced me to not use the money in my HSA. Of course, only if you have a decent brokerage option. Just max it out, pay cash and save my receipts. As it stands right now there is no limit on how long you can wait to reimburse yourself, so when that changes or i need the money I'll just write myself a check. This way it is growing tax free and I'm not blowing the money elsewhere. Any of you been doing this.
That would be only if they are already maxing out their other accounts. It's more of a talking point than anything else. Because it grows tax deferred. The idea being you will have more when you retire because of the tax advantages. It's definitely not for everybody.
It's just poor advice not to use your HSA account for eligible expenses. And you can put $15,000K in a SEP and $25,000 in a Keogh - doubtful they'll max out those tax-deferred vehicles.
If you're paying expenses out of pocket and you have a HSA you have a complete lack of financial understanding.
The BIGGEST value a HSA offers is using tax FREE money on eligible expenses. I really hope you're not telling your clients not to use their HSA money. Horrible advice.