Comments on: My Wallet Is Not Too Happy

By: David

David — Thu, 14 Feb 2008 01:02:23 +0000

After $3,000 in medical expenses in just January alone, after insurance paid their part, I feel your pain. The whole system is a rip off. Sorry to hear about it!

By: Moranda Celt

Moranda Celt — Fri, 08 Feb 2008 19:13:58 +0000

Medical costs are never cheap, ok, wait I am wrong. I have cheap medical, but I am denied at most doctors, can’t see a dentist.
One thing I know I don’t have to worry about is the rising cost of gas and car care. I went to save-at-the-pumps.com now I can afford to pay for the doctors I couldn’t see before

By: smarief99

smarief99 — Thu, 07 Feb 2008 13:37:21 +0000

You won’t be AS covered as you might think…if you take the money out of your HSA for any reason other than qualified medical expenses..you have to pay taxes AND a 10% penalty unless you are over 65 years old..

By: JRich

JRich — Thu, 07 Feb 2008 13:12:12 +0000

I go through this every year. I have 4 options varying from a $150 deductible to $5650. I choose the last one since you can then put the premium you save in an HSA. In order to maximize retirement savings, I max out the HSA but then pay my bills out of pocket. Its tought on the wallet now, but I have over $10k built up in the account over the last 25 months. If I’m ever out of work or have some huge expense, I’m coverred.

By: Jerry

Jerry — Thu, 07 Feb 2008 04:54:13 +0000

Insurance costs are rising, just like health costs themselves, and there seems to be no way to avoid taking a hit in the wallet. The problem is that these expenses seem to be rising faster than the rate of inflation, which leads directly to them taking up a larger and larger chunk of the salary… where does it end?
Jerry