This is exactly what I do. Spend all the money out of the account and delete my login. Done this at least a couple times and I’ve never had an issue. What are they gunna do? File a bullshit claim on my credit?
Honest question: why? I’ve only been able to use an HSA once, and I thought the big advantage is that it’s your money you can keep and use whenever. Can’t you just keep using it normally, ideally save some of it?
In my case, my ex got it put in our divorce judgement that I would carry “traditional” insurance, so I knew that my HSA had no future
Well, I spent the money using the American healthcare system. Because my insurance sucks so much that I often get shafted with huge bills. One such recent one was learning I had to get hearing aids out of pocket as my plan had no coverage. That is why my HSA is gone.
That’s unfortunate: it definitely sucks both that hearing aids are inordinately expensive and that they’re not usually covered. I assumed from reading your post that it was more intentionally spending down and abandoning the account
You can’t contribute to the HSA but can spend it on qualified medical expenses or sit on it until age 59.5 and draw it down or use it to pay Medicare premiums starting at 65.
This is exactly what I do. Spend all the money out of the account and delete my login. Done this at least a couple times and I’ve never had an issue. What are they gunna do? File a bullshit claim on my credit?
Honest question: why? I’ve only been able to use an HSA once, and I thought the big advantage is that it’s your money you can keep and use whenever. Can’t you just keep using it normally, ideally save some of it?
In my case, my ex got it put in our divorce judgement that I would carry “traditional” insurance, so I knew that my HSA had no future
Well, I spent the money using the American healthcare system. Because my insurance sucks so much that I often get shafted with huge bills. One such recent one was learning I had to get hearing aids out of pocket as my plan had no coverage. That is why my HSA is gone.
That’s unfortunate: it definitely sucks both that hearing aids are inordinately expensive and that they’re not usually covered. I assumed from reading your post that it was more intentionally spending down and abandoning the account
You can’t contribute to the HSA but can spend it on qualified medical expenses or sit on it until age 59.5 and draw it down or use it to pay Medicare premiums starting at 65.
Hey, Jackal, is the Kuzko’s poison?