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Old 02-12-2008, 10:06 AM
  #7  
nightfreight
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Joined APC: Feb 2007
Posts: 424
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I think it can be a good deal if you don't overestimate your medical needs. Whatever you don't spend is lost, and that certainly makes up for any tax advantages.

Wildcat, I am not sure how your HSA is implemented, but at FDX we split our payments by 12. For example, if you decide you want a $3,000 HSA, they send you a debit card that has $3,000 available to spend on medical needs. You pay $250/month. In FDXLAG's case, he could spend 3k on braces in January, yet pay off the balance interest free. I am not sure how you would earn any real amount interest on this money, and the tax advantages would most likely outweigh any interest earned. I think the key point is don't overestimate your needs. It becomes a very bad deal then....
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