My Favorite Time of The Year: Annual Enrollment

Fall is one of my favorite times of the year: the leaves start to change color, the temperature starts to drop…wait a minute, actually none of that is true since I live in California and it topped 90 degrees at the beaches last week!  November is my favorite time of the year for a different […]

HSA’s Are Great Until You Get Sick

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 […]

Reader Question: Traditional PPO vs HSA Plan

Editor’s Note: For those who aren’t familiar with Health Savings Accounts, I’ve written extensively on the topic before, take a look. This question didn’t come to my inbox but instead it came through as a comment on my article about 2014 health care annual enrollment. Calculating which plan is best for you is no easy feat and […]

Reader Question: How Should I Invest my HSA?

Editor’s Note: For those who aren’t familiar with Health Savings Accounts, I’ve written extensively on the topic before, take a look. Reader GP writes in this week asking about HSA’s: I’ve got a pretty substantial HSA balance now and I need to know how to invest it. Simple and to the point, I like those […]

My New HSA Provider: Eli Lilly Federal Credit Union

Update(4/21/14):  ElfCU now charges a $24 wire transfer fee for transferring your money from ElfCU to TDA. Update(5/28/14):  ElfCU now charges a $3 monthly account fee if you don’t hold at least $2,500 in the savings account.  Still the best option in my opinion though. Last year I wrote an article about how to rollover […]

Annual Enrollment for 2014: My Company’s HSA vs Traditional Plan

As most of you know, a health savings account or HSA is one of my favorite investment vehicles of all time.  It’s the only investment that allows for triple tax savings – the money you put in isn’t taxed, the money you take out isn’t taxed and the earnings aren’t taxed – as long as you […]

I Finally Invested My HSA Money

It’s been a while since I wrote about my new HSA rollover strategy and lots of things have happened since then.  I quit my old job, got free health insurance for a couple months, got my own insurance for a month and will have employer health insurance again next week!  I’ll probably go with the […]

Preventative Care with a HSA: Free Physicals and Lab Work

Although HSA’s generally tend to have high deductibles, one great benefit is that preventative care is covered 100% for almost all HDHP plans.  A recent industry survey found that over 80% of HSA plans provided first-dollar coverage for preventive care. This was true of virtually all HSA plans offered by large employers and over 95% […]

My New HSA Strategy – Rollovers and Trustee Transfers

Since my company was acquired by an even larger one last year, 2013 will be our first full year under the new administration.  That means a whole lot of changes to our benefits and one of those will be to our HSA provider.  Although the HDHP insurance portion will still be served by Aetna, our […]

Annual Enrollment Time: How Much Can an HSA Save You?

Here’s my original HSA article from last year: Health Savings Accounts Explained. Ok it’s annual enrollment time again for those of us in traditional workplaces and I’m here to tell you exactly how much a HSA can benefit you.  Most large companies are starting to offer HSA’s to their employees for one main reason: it […]

Reader Question: Health Savings Account Explained

Reader JY writes in, “I was wondering if you have written anything regarding the Health Savings Account and high deductible health insurance plans. I have recently signed up for this through my new employer as the idea sounded really great. Previously I was paying for one of the more expensive plans, the Kaiser HMO. Now […]