Comments on: HSA vs. HMO Analysis http://www.bargaineering.com/articles/hsa-vs-hmo-analysis.html personal finance blog with anecdotes, advice and commentary. Sun, 12 Feb 2012 17:22:10 +0000 hourly 1 By: helpmeplease http://www.bargaineering.com/articles/hsa-vs-hmo-analysis.html/comment-page-1#comment-327901 helpmeplease Thu, 24 Sep 2009 15:51:12 +0000 http://www.bargaineering.com/articles/hsa-vs-hmo-analysis.html#comment-327901 having to decide between HSA plan and our current PPO plan for my husband and daughter. He was recently diagnosed with cancer in February (outlook good) and my daughter has lupus. If I'm understanding it correctly, the PPO plan might be better for us. Our deductible would be $5,000 per indiv. and $10,000 family with HSA. having to decide between HSA plan and our current PPO plan for my husband and daughter. He was recently diagnosed with cancer in February (outlook good) and my daughter has lupus. If I’m understanding it correctly, the PPO plan might be better for us. Our deductible would be $5,000 per indiv. and $10,000 family with HSA.

]]> By: samerwriter http://www.bargaineering.com/articles/hsa-vs-hmo-analysis.html/comment-page-1#comment-35256 samerwriter Tue, 24 Oct 2006 19:04:21 +0000 http://www.bargaineering.com/articles/hsa-vs-hmo-analysis.html#comment-35256 My wife and I both switched to HSAs a couple years ago. She generally goes through her entire account each year (so doesn't carry over any money into the next year), but we still come out ahead. My medical bills are generally around $50 per year so I carry over almost my entire balance each year. As Angry Dinosaur wrote, that balance can be used for nearly any expense that could possibly be classified as medical. For example, Lasik or prescription sunglasses. We also save all of our receipts for bandaids, tylenol, etc.. throughout the year. At the end of the year we reimburse ourselves from HSA funds for those items. Thus we can pay for these items with tax-free dollars. My wife and I both switched to HSAs a couple years ago. She generally goes through her entire account each year (so doesn’t carry over any money into the next year), but we still come out ahead.

My medical bills are generally around $50 per year so I carry over almost my entire balance each year. As Angry Dinosaur wrote, that balance can be used for nearly any expense that could possibly be classified as medical. For example, Lasik or prescription sunglasses.

We also save all of our receipts for bandaids, tylenol, etc.. throughout the year. At the end of the year we reimburse ourselves from HSA funds for those items. Thus we can pay for these items with tax-free dollars.

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