Just Opened a Health Savings Acct (Kaiser)

[Outdoorsygal]

Thanks for reading this post. I know this is an intricate topic but I believe my actual questions might be easy & quick to answer for someone who already has an HSA.
I have two questions which are underlined. From here on out, my IRS Contribution limit is fully funded at $3350 and my Health Plan is fully paid for.
So it's like a $1 per hr raise (after figuring the 20% withdraw penalty and taxes paid on it).

My Dental & Vision cost $8.38 mo (85% funded by company) w/$50 deductible. A chiropractic rider = $15 visits, to 20 per yr
I'm not sure who to use as Custodian so wondered if anyone had suggestions? The Company HR person is out and I hate to bother her.
It appears HSA's could be on their way out... If they are eliminated,what happens to the $$ I saved in the HSA account?
Regarding HSA's, a few bills passed the House already and are going onto the Senate. Thanks for any thoughts you may have.

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[phantom]

When I choose a place to put my HSA, I found this web site to be extremely useful: http://www.hsarates.com/ I ended up going with Connexus Credit Union. They send me a lot of junk mail, but otherwise, I'm pretty happy with them. I get a decent interest rate, and they provide an easy to use debit card.

One of the nice things about HSAs is that you get to keep them no matter what happens with your insurance, and you can keep using them for medical expenses. I only had a high deductible plan for about a year, and I continue to use my HSA to pay my medical expenses.

The main thing to think about with an HSA is whether you want to use it to pay your immediate medical expenses or whether you want to use it as just another long term investment vehicle. If you only get to contribute for a year or two, I would be reluctant to use it for a long term investment vehicle as most places that allow you to invest your HSA charge a fee if your balance is less than a few thousand dollars.

[Outdoorsygal]

Thank you Phantom. Good things to consider. I plan on investing in "safer" index funds by vanguard but we'll see how it goes.
At $279 deposit by employer, it will take a while to build a balance. I was going to self fund, since I've missed 6 months so far this yr, but changed my mind.

One Credit Union offers 1% of balance of any amt w/no other fees. I wouldn't be withdrawing it

Thanks for the link, I wish I lived closer to Connexus Credit Union.
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[phantom]

Thanks for the link, I wish I lived closer to Connexus Credit Union.

I don't live anywhere near it myself, so don't let that stop you. But, since you plan on investing and leaving your money in it rather than withdrawing, it's probably not the right choice for you.

[Outdoorsygal]

I don't live anywhere near it myself, so don't let that stop you. But, since you plan on investing and leaving your money in it rather than withdrawing, it's probably not the right choice for you.

Oh ok. Your link was very helpful!