I’ve been a huge fan of Health Savings Accounts (HSA’s) since I started working full time 5 years ago. It didn’t take me long to realize that the HSA/HDHP combo is a great plan for young and healthy people like myself who rarely visit a doctor. Over the years, my HSA balance has grown to about $15,000 with the help of employer contributions, premium savings and my own contributions.
During that time, I’ve racked up a couple thousand in various reimbursable expenses (acupuncture, massage, OTC meds, contacts stuff, etc) and since I paid for it all in cash I’ll be able to re-imburse myself at any point in the future. Meanwhile, I’ve got my HSA fully invested in an aggressive mix of stocks and bonds that will one day come back to me triple-tax free. [Continue reading]