Originally Posted by
Omniscient
If it were me....
Enroll in the Spirit high deductible HSA. Since you don’t need the medical insurance you don’t need to worry about the high deductible, you use it as a vehicle for an HSA. The company contributes a $1000 for single, and you can add another $2500. That’s $3500 a year that you can invest tax free and either use it as tax free withdrawals for future medical needs in retirement or you can take the money out for anything you want and just pay the taxes on it, like an IRA. No worry like an FSA and it’s “use it or lose it,” you keep it year after year.
A great retirement vehicle when using the benefits of the HSA and not needing the medical
Not the plan I would be on with a family but this strategy sounds interesting for someone on a spouses plan at another company.
Wouldn’t the cost of premiums eliminate any tax advantages of contributing to the HSA.